Analyser av Axactor

Axactor: Expect an uplift in the NPL market - ABG

NPL portfolio purchases showing improvement Axactor’s NPL platform scales better than Nordic peers We estimate ROE of ~11% in 2024e Several...

Stronger EBIT from improved costs and 3PC revenue Portfolio purchases back to pre-pandemic levels Fair value range of NOK 6-17 Q1: stronger...

Lower costs driving higher PTP (31% vs. cons.) … but cash EBITDA just aligned vs ABG, just soft vs cons.