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Lowell Q1 Results
Show consisttent and strong growth.
Lowell, a European leader in credit management services, recorded a strong set of results for the period 1 January to 31 March 2017. These results show the benefits of the Group’s ongoing portfolio expansion and diversification, as well as its continued consumer focus.
Financial Highlights
37% y-o-y increase in Cash Income to £148m
32% y-o-y increase in Cash EBITDA to £78m
23% y-o-y increase in ERC to £1.8bn
44% of acquisitions over the last twelve months from forward flows
Portfolio investments continue to be made across diverse originating sectors
Operational Highlights
Collections forecast remains consistently accurate
Maintained Investors in Customers (IiC) Gold rating [1]
Further improved Net Promoter Score to 43 [1]
Colin Storrar, CFO Lowell, said: “Lowell has again delivered strong quarterly growth across its metrics. This is a consistent performance from the now fully integrated Group which demonstrates continued good operational strategy and execution.
With our strategy focused on expansion and diversification, these results, combined with the strong foundations we have in place, enable us to view 2017 with confidence.”
To join the Q1 Bond call at 10:30 BST today, please register on the investor website: lowell.com
[1] relates to Lowell Financial Ltd
About Lowell
Lowell is one of Europe’s largest credit management companies with operations in the UK, Germany and Austria, and a vision to be the best in its field in Europe. Lowell combines its principled approach, international experience, deep understanding of data analytics and operational efficiency to serve every part of the credit management value chain, with expertise in debt purchasing, third party collections, business process outsourcing, credit management and e-commerce. Previously named Lowell GFKL Group, Lowell was formed in 2015 following the merger of the UK and German market leaders: the Lowell Group and the GFKL Group. It is backed by global private equity firm Permira, and Ontario Teachers’ Pension Plan, and is headquartered in both Leeds (UK) and Essen (Germany). For more information on Lowell, please visit our investor website: www.lowell.com
Investor Relations enquiries
Jon Trott
Head of Investor Relations
Telephone: +44 7551 153 793
Email: investors@lowellgroup.com
Media enquiries
Carol Ord
Head of Communications UK
Telephone: + 44 7814 430 330
Email: media@lowellgroup.com
Henrik Hannemann
Head of Communications DACH region
Telephone: +49 201 102 1172
Email: pr@lowellgroup.de