New record achieved.

• New record in revenue.
  At EUR 203.2 million, revenue surpassed the previous year by more than 10 percent and set a new record.
   
• Strong earnings contribution.
  As with revenue, earnings before tax (EBT) reached an all-time high for the region.
   
• Investments boosted again.
  EOS once again stepped up investments in NPLs in the region and extended its purchases of secured receivables.

We are very proud of the result in the region of Eastern Europe for the past financial year. At EUR 203.2 million, revenue surpassed the previous year by more than 10 percent. Earnings before tax (EBT) were also way above the previous year’s level. For both KPIs, we achieved the highest levels ever seen in the region.

The reasons for this outstanding development differ for the various countries. In Russia, we were able to step up revenue by significantly increasing our productivity. In contrast, in Hungary and Poland, we chalked up a substantial growth in revenue from debt purchases. We once again expanded our investment volume in non-performing loan portfolios. Especially in Poland and Croatia, but also in Russia and Slovakia, we considerably exceeded the level from the previous year. 

In addition we were able to step up our investments in secured receivables. We have greatly expanded the necessary structures and have thus far established them in nine countries. We continue to see excellent growth opportunities in this segment and therefore plan on extending secured NPL purchases to all the EOS countries in Eastern Europe. In doing so, we will profit from the international EOS network. We already have a lot of know-how and experience in assessing and processing of secured receivables in numerous countries. We will use this to form international expert teams to tap into new markets.