Axactor SE (GB:0QIG) has released an update.
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Axactor SE reported a mixed second quarter of 2024, with a slight 3% growth in Cash EBITDA despite a decrease in gross revenue and total income, and a substantial 75% increase in NPL investments, signaling strategic portfolio expansion. CEO Johnny Tsolis highlighted strict cost control as a key factor in achieving growth amidst a tough collection landscape and rising costs. The company will discuss the detailed financial results and future outlook in a global investor webcast.
For further insights into GB:0QIG stock, check out TipRanks’ Stock Analysis page.
