EOS Consolidated remains on growth course
EOS Consolidated remains on growth course
EOS Consolidated remains on growth course
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EOK1h0<br />
<str<strong>on</strong>g>EOS</str<strong>on</strong>g> <str<strong>on</strong>g>C<strong>on</strong>solidated</str<strong>on</strong>g> <str<strong>on</strong>g>remains</str<strong>on</strong>g> <strong>on</strong> <strong>growth</strong> <strong>course</strong><br />
� <str<strong>on</strong>g>C<strong>on</strong>solidated</str<strong>on</strong>g> sales up by 5.6 per cent<br />
� Germany <str<strong>on</strong>g>remains</str<strong>on</strong>g> most important market<br />
� Effects of the internati<strong>on</strong>al financial crisis are particularly evident in<br />
Eastern Europe<br />
Hamburg, 1 September 2010 – Despite the internati<strong>on</strong>al financial and ec<strong>on</strong>omic<br />
crisis, in 2009/10 <str<strong>on</strong>g>EOS</str<strong>on</strong>g> <str<strong>on</strong>g>C<strong>on</strong>solidated</str<strong>on</strong>g> achieved a result slightly higher than the<br />
previous year’s figure: earnings before taxes (EBT) amounted to EUR 61.6<br />
milli<strong>on</strong> in the financial year 2009/10 – compared with EUR 61.1 milli<strong>on</strong> in<br />
2008/09. <str<strong>on</strong>g>C<strong>on</strong>solidated</str<strong>on</strong>g> sales generated by the internati<strong>on</strong>al provider of<br />
receivables management, marketing and risk informati<strong>on</strong>, and payment services<br />
increased by EUR 16.7 milli<strong>on</strong> to a total of EUR 314.0 milli<strong>on</strong>. This represents a<br />
<strong>growth</strong> rate of 5.6 per cent. Hans-Werner Scherer, Chairman of the <str<strong>on</strong>g>EOS</str<strong>on</strong>g> Group’s<br />
Board of Directors, comments: ‘The quality of our services – even in more<br />
demanding circumstances – has c<strong>on</strong>vinced our clients so far. We will c<strong>on</strong>tinue to<br />
focus <strong>on</strong> this aspect.’<br />
The sales of <str<strong>on</strong>g>EOS</str<strong>on</strong>g> <str<strong>on</strong>g>C<strong>on</strong>solidated</str<strong>on</strong>g> <strong>on</strong> the German market rose by 1.7 per cent, from<br />
EUR 180.7 milli<strong>on</strong> in the past year to their current level of EUR 183.7 milli<strong>on</strong>.<br />
Germany’s share of aggregate sales was 58.5 per cent (60.7 per cent in 2008/09).<br />
In the previous financial year, <str<strong>on</strong>g>EOS</str<strong>on</strong>g> <str<strong>on</strong>g>C<strong>on</strong>solidated</str<strong>on</strong>g> c<strong>on</strong>tinued to grow in the<br />
Western European markets. The increase of 18.4 per cent in sales, taking them<br />
to EUR 55.2 milli<strong>on</strong> (EUR 46.6 milli<strong>on</strong> in 2008/2009), results above all from the<br />
100 % acquisiti<strong>on</strong> of <str<strong>on</strong>g>EOS</str<strong>on</strong>g> Acción de Cobro España S.A. from the Spanish Banco<br />
Pastor Group in September 2009. The Belgian company and the three Swiss<br />
companies also made positive c<strong>on</strong>tributi<strong>on</strong>s to sales.<br />
In Eastern Europe, the effects of the financial crisis are evident. While previous<br />
financial years were shaped by dynamic <strong>growth</strong>, sales at the Eastern European<br />
<str<strong>on</strong>g>EOS</str<strong>on</strong>g> companies fell by 9.2 per cent to EUR 35.2 milli<strong>on</strong> (EUR 38.8 milli<strong>on</strong> in<br />
2008/2009) due to the difficult ec<strong>on</strong>omic circumstances.
<str<strong>on</strong>g>EOS</str<strong>on</strong>g> <str<strong>on</strong>g>C<strong>on</strong>solidated</str<strong>on</strong>g> bucked the difficult overall ec<strong>on</strong>omic trend <strong>on</strong> the US market<br />
and significantly strengthened its solid competitive positi<strong>on</strong> – am<strong>on</strong>gst others due<br />
to acquisiti<strong>on</strong>s –, increasing its sales by 26.0 per cent to some EUR 39.2 milli<strong>on</strong><br />
in the process.<br />
Growth will c<strong>on</strong>tinue to define the <str<strong>on</strong>g>EOS</str<strong>on</strong>g> strategy in future. While it expects to see<br />
a c<strong>on</strong>tinuati<strong>on</strong> of solid development in Germany, Western Europe and the US, it<br />
is anticipating significant improvements in profits in Eastern Europe. <str<strong>on</strong>g>EOS</str<strong>on</strong>g><br />
<str<strong>on</strong>g>remains</str<strong>on</strong>g> true to its goal of attaining or maintaining a top-three positi<strong>on</strong> in all<br />
relevant countries over the next few years.<br />
Overview of key figures:<br />
2009/2010 2008/2009<br />
Sales (EUR milli<strong>on</strong>) 314.0 297.4<br />
EBITDA (EUR milli<strong>on</strong>) 89.1 91.2<br />
EBT (EUR milli<strong>on</strong>) 61.6 61.1<br />
Employees (heads) 5160 4298<br />
For more informati<strong>on</strong>, please refer to the current issue of our annual publicati<strong>on</strong><br />
‘<str<strong>on</strong>g>EOS</str<strong>on</strong>g> Insights’, which can be downloaded at www.eos-soluti<strong>on</strong>s.com/insights<br />
The <str<strong>on</strong>g>EOS</str<strong>on</strong>g> Group<br />
The <str<strong>on</strong>g>EOS</str<strong>on</strong>g> Group, an Otto Group subsidiary, is a leading internati<strong>on</strong>al provider of<br />
tailor-made services covering the entire life cycle of a customer relati<strong>on</strong>ship – from<br />
customer acquisiti<strong>on</strong> to electr<strong>on</strong>ic payment processing, debt collecti<strong>on</strong> and purchase<br />
of receivables portfolios. The core business is receivables management. <str<strong>on</strong>g>EOS</str<strong>on</strong>g> is<br />
committed to high standards of debt collecti<strong>on</strong> to protect creditors and c<strong>on</strong>sumers.<br />
With over 5000 employees, <str<strong>on</strong>g>EOS</str<strong>on</strong>g> serves its 20,000 customers in more than 20<br />
countries worldwide through over 40 subsidiaries.<br />
More informati<strong>on</strong>: www.eos-soluti<strong>on</strong>s.com<br />
C<strong>on</strong>tact <str<strong>on</strong>g>EOS</str<strong>on</strong>g> Group:<br />
Lara Flemming, Head of Corporate Communicati<strong>on</strong>s and Marketing, Tel.: +49 40<br />
2850-1560, E-Mail: l.flemming@eos-soluti<strong>on</strong>s.com<br />
Claudia Gottschalk, Senior Public Relati<strong>on</strong>s C<strong>on</strong>sultant, Tel.: +49 40 2850-1685, E-Mail:<br />
c.gottschalk@eos-soluti<strong>on</strong>s.com