EQS-News: PlusPlus Capital Financial S.à.r.l. / Key word(s): Bond/Financing
PlusPlus Capital targets redemption waiver for 2022 Estonian notes
Investors express benevolence for vote on 18 November
The operational business development of PlusPlus shows continuing growth. Payments from customers are increasing, while performance metrics such as cash EBITDA (cash earnings less operational expenses) and ERC (estimated remaining collections) continue to rise. The operational cash inflow is more than sufficient to cover operational expenses and interest payments.
Given the Company's successful business performance and the related growth prospects, particularly in the current high inflation and interest rate environment, first investors have already expressed their benevolence.
PlusPlus Capital will publish its 2022 Nine-Month Report on 15 November 2023. The corresponding earnings call will be held on 17 November 2022.
Aalto Capital (Investor Relations)
PlusPlus is a pan-Baltic and Finnish technology-driven receivables management company with offices in Tallinn, Riga, Vilnius, and Helsinki. The Company acquires overdue loans and other non-performing exposures from financial institutions and non-financial sector merchants. With its core competence in handling claims against private individuals, PlusPlus prefers diversified portfolios balanced by geography, portfolio type, and other metrics.
Since its inception in 2010, PlusPlus has bought over 100 thousand claims with nominal value of approximately EUR 274 million as at 30 June 2022. The Company offers its clients affordable recovery solutions and aims to avoid litigious scenarios. In doing so, PlusPlus pursues win-win solutions that allow sellers to focus on their core business, provide affordable solutions for borrowers, and ensure adequate returns for investors.
PlusPlus is a transparent and socially responsible company set to assist people in resolving problems connected with their insufficient solvency. The ambition of PlusPlus is to increase its market share and further strengthen its position as a leading player in its regional market.
30.10.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
PlusPlus Capital Financial S.à.r.l.
1 rue Jean Piret
EQS News ID:
End of News
EQS News Service