Euler Hermes Rating, one of Europe’s leading rating agencies, has once again given the credit standing of EOS Holding an A rating. For the 16th time in a row, EOS impressed the auditors with their very high, stable level of earnings and excellent capital structure. The rating assessment emphasized their many years of experience in the valuation, acquisition and recovery of non-performing receivables, their market leadership in Germany and strong position in the European market, in particular.
This builds confidence: Despite the coronavirus crisis, Euler Hermes rates the financial risk of EOS as low. Although there may be a decline in revenue and earnings in the short to medium term, the auditors again expect a good to very good level of earnings in the long term.
Sustainable investments on a substantial scale
In recent years, EOS has systematically stepped up its activities as a financial investor and has established itself as a market leader in the purchase of debt packages in some countries. In the 2019/20 financial year, the company invested EUR 651.3 million in unsecured and secured receivables and real estate.
"We want to make substantial, sustainable investments in receivables packages in the coming years too," points out Justus Hecking-Veltman, Chief Financial Officer of the EOS Group. "In this context, spreading our risk over several countries is very important. Nevertheless, we do not win every portfolio with our pricing models. In certain markets, we go through phases in which we do not succeed for a long period of time. Nevertheless, we are sticking firmly to the script, because this is what makes us a stable, soundly operating and reliable company, today and in the future."
About EOS Group
The EOS Group is one of the leading technology-driven financial investors and an expert in the processing of outstanding receivables. The company's core business is the purchase of unsecured and secured debt portfolios. With over 40 years of experience, EOS offers some 20,000 customers in 26 countries around the world smart services for all their receivables management needs. Its key target sectors are banking, utilities, real estate and e-commerce. EOS employs more than 7,500 people and is part of the Otto Group.