Axactor continued its profitable growth journey and reinforced the position as a
leading European debt management provider in the first quarter of 2019. Gross
collection and net revenue more than doubled year-over-year, to EUR 91 million
and EUR 74 million, respectively.

EBITDA more than tripled to EUR 22 million with the EBITDA-margin improving to
30%, showing the scalability and efficiency of the business model. Cash EBITDA
also more than tripled to EUR 59 million, reflecting solid collection
performance and increasing REO sales.

Portfolio investments amounted to EUR 69 million in the first quarter, most of
which in NPL volumes acquired through forward flow agreements. The bulk of
investments came in the Nordic region, improving the geographical balance. Total
ERC exceeded EUR 1.7 billion at the end of the quarter, of which NPL portfolio
accounted for 86% and REO for 14%.

The funding position was strengthened with the release of an additional EUR 100
million in bank
loans and EUR 50 million increase of a bond loan. Co-investor Geveran increased
funding for the
co-investment vehicle Axactor Invest 1 S.à r.l. in April.

Axactor sees attractive investment opportunities in the NPL segment and
increased funding leaves
room for increasing the total planned investment level in 2019 from EUR 350-400
million to
EUR 400-450 million. The portfolio investments and solid collection performance
point towards continued profitable growth.

“Axactor had a very strong first quarter drawing on the large investments made
late last year, in combination with positive market fundamentals. We delivered a
record-high EBITDA margin, proving the scale benefits inherent in the Axactor
model. Further, our improved funding capacity enables us to maintain a high
investment level through 2019,” says CEO Endre Rangnes in Axactor.

For additional information, please contact:
Endre Rangnes, CEO Axactor
Mobile phone: +47 482 21 111
Email: endre.rangnes@axactor.com

or

Johnny Tsolis, CFO Axactor
Mobile phone: +47 913 35 461
Email: johnny.tsolis@axactor.com

About Axactor:
Axactor Group specializes in both Debt Collection and Debt Purchasing across
several countries, with operations in Italy, Germany, Norway, Sweden, Finland
and Spain. The company has a Nordic base and an ambitious Pan-European growth
strategy, which targets the market for non-performing loans (NPL) in Europe.
This market is estimated to be about 1,000 billion euros across Europe providing
significant opportunities for Axactor's future expansion. Axactor has
approximately 1,100 employees.