EOS Group: Successful development in the 2023/24 financial year

 

 

 

 

The EOS Group achieved a strong result (EBITDA) of EUR 412.9 million in the 2023/24 fiscal year and was able to maintain a very good level with a revenue increase of 2.1 percent (totaling EUR 997.3 million). In Germany, revenue remained stable at the previous year's level of EUR 253.8 million. With an investment volume of approximately EUR 583.5 million, the EOS Group was significantly below the exceptional year of 2022/23. In Germany, approximately EUR 132 million were invested in receivables and real estate. The successful processing of the purchased receivables portfolios in previous years significantly contributed to the overall positive result. In the last fiscal year, the group successfully concluded more than five million debt cases and reintroduced approximately EUR 1.9 billion into the economic cycle.

Despite macroeconomic challenges such as rising interest rates and high inflation, the EOS Group was able to successfully assert itself in the market. "The uncertain macroeconomic times will persist. But we have turned the professional handling of uncertainty into our strength, can act resiliently and flexibly, and focus on the best solutions for our customers," says Marwin Ramcke, CEO of the EOS Group.

With a share of 41.9 percent in overall sales, Eastern Europe remains the region with the highest revenue in the EOS Group. Despite rising interest rates, investments amounting to EUR 212.5 million were made. In the Western Europe region, revenue increased the most compared to other regions of the EOS Group, reaching EUR 323.4 million (32.4 percent of total revenue), an overall growth of 6.9 percent. Investments in Western Europe amounted to EUR 238.6 million in the past fiscal year.

The EOS Group also stood out in the previous financial year for reasons other than its strong business figures. The international group received an outstanding ESG risk rating in 2023. “According to renowned rating agency Morningstar Sustainalytics, EOS is one of the top 3 companies in our ‘Consumer Finance’ sector,” says Marwin Ramcke. “I’m very proud of this rating. Achieving a top position the very first try proves that our corporate responsibility strategy is a success.”

With its annual and sustainability report based on the standards of the Global Reporting Initiative (GRI), EOS makes clear what the Group is achieving in this area. For example, a gender pay gap analysis comparing the salaries of men and women was initiated for the first time. In addition, the company has also calculated its own CO2 footprint (Scope 1 & 2). “We will continue to advance these initiatives during this financial year and derive targeted measures from them, such as for reducing emissions,” Ramcke stresses. 

The corporate responsibility strategy is firmly embedded in the core business of the EOS Group. Responsible debt collection and sustainable debt collection for defaulting consumers are central to EOS.

The EOS Group is a leading technology-driven investor in receivables portfolios and an expert in the processing of outstanding receivables. With over 50 years of experience and offices in more than 20 countries, EOS offers smart services for receivables management worldwide. Its key target sectors are banking, real estate, telecommunications, utilities, and e-commerce. EOS employs more than 6,000 people and is part of Otto Group. For more information on the EOS Group, please go to: https://eos-solutions.com/