Investor relations
Chris Davison
Head of Investor Relations
+44 20 7632 1000
Human resources
Caroline Carr
Chief Human Resources Officer
+44 20 7632 1000
Noémie de Andia
Head of Communications
+44 20 7632 1000
Denise Gallagher
Marketing Manager
+44 20 7632 1000
Permira Holdings Limited
Alistair Boyle
+44 1481 743200
Permira Debt Managers
James Greenwood
+44 2076321000


Lowell GFKL Group announces strong 2015 annual results and the acquisition of IS Inkasso Service

28th April 2016

Lowell GFKL Group, a European leader in credit receivables management businesses, today announces strong growth for the period ended 31 December 2015. The first annual results since the combination of Lowell and GFKL demonstrate the successful first phase integration of the two businesses with sustained growth, high returns and visible earnings. The Group also announces the acquisition of IS Inkasso Service, the Austrian market leader in third party collections.

Financial Highlights

• Strong year-on-year growth reported across key income and balance sheet metrics

• Group year-on-year Cash Income growth of 13% and Cash EBITDA growth of 18% to £212m, largely driven by higher Non Performing Loans (NPL) cash collections

• £250m invested in NPLs across multiple sectors; up 43% year-on-year

• Investment diversification continues with 295 NPL Portfolios acquired with a face value of £2.8bn

• FY16 acquisition profile supported by 37 Forward Flow agreements – up 28% year-on-year

• High Estimated Remaining Collection (ERC) accuracy with the Group achieving 100.2% of the collections forecast for the period.

• 120m ERC growth of 24% to £1.4bn

Click below to download the full release.

Download PDF version