Axactor ASA (0QIG) Q1 2025 Earnings Call

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WEBVTT 00:00:00.942 -- 00:00:04.967 Good morning and welcome to VoxActor's first quarter presentation. 00:00:04.967 -- 00:00:08.853 By my side, I have Nina Mortensen, our CFO. 00:00:08.853 -- 00:00:12.117 This presentation will be divided into four parts. 00:00:12.117 -- 00:00:14.781 First, I will take you through Q1 highlights. 00:00:14.781 -- 00:00:18.426 Then Nina will present financials before I give an updated outlook. 00:00:18.426 -- 00:00:21.550 We will round off with a Q&A session. 00:00:21.550 -- 00:00:25.630 Let's move to slide three and have a look at the highlights for the quarters. 00:00:25.630 -- 00:00:30.958 Collection performance was 101% for the quarter, which affirms the updated curve forecast 00:00:30.958 -- 00:00:35.245 after the revaluations done in Q4 last year. 00:00:35.245 -- 00:00:41.094 Total gross revenue ended at 77 million euros in the seasonally weak quarter. 00:00:41.094 -- 00:00:45.901 Here it is important to remember that we sold off approximately 6% of our total back 00:00:45.901 -- 00:00:49.547 book in the Spanish portfolio sale at the end of last year. 00:00:49.547 -- 00:00:54.952 Adjusting for this, the gross revenue was up 7% year over year. 00:00:55.347 -- 00:01:00.494 We also delivered an impressive 28% growth in the 3PC segment. 00:01:00.494 -- 00:01:04.039 On top, we managed to increase the margin. 00:01:04.039 -- 00:01:06.940 I will come back with more details. 00:01:06.963 -- 00:01:13.129 The EBITDA ended north of 32 million euros, which was an increase of 23% year over year. 00:01:13.752 -- 00:01:19.497 The solid EBITDA margin of 50% was driven by margin expansion and cost reductions. 00:01:20.061 -- 00:01:25.161 Annualized return on equity to shareholder reached 20%, which is all time high, and on 00:01:25.161 -- 00:01:28...