2019/20 financial year.
New year – new growth: In the last financial year EOS continued to forge its own path. “Together with my colleagues I am looking back at what has been by far the most successful financial year for the EOS Group,” says CEO Klaus Engberding. In saying this he is not just referring to the revenue generated by the growth-driving regions Germany, Western Europe and Eastern Europe. Other major success factors were the technological progress made in digitalization and the ongoing development of the corporate culture. There was also significant investment in secured and unsecured receivables: at EUR 651.3 million, the investment volume was at a consistently high level.
Consolidated revenue by region
The EOS Consolidated increased its revenue in fiscal year 2019/20 by just under five percent. This is equivalent to a consolidated revenue of EUR 853.1 million or earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 343.4 million. The EOS companies in Eastern Europe posted the best results, with an increase in revenue of more than 30 percent. CEO Klaus Engberding says: “In particular, the expertise, commitment and mindset of our workforce have been major factors in this success.” As in previous years, another driver was the use of modern technology. In the last financial year alone, more than EUR 25 million were invested in upgrading our IT core systems.
Investments in receivables purchases in detail.
This is how EOS is continuing to systematically pursue its strategy. The objective is to be one of the top three financial investors in all established markets (with the exception of the USA). Already, EOS is an acknowledged expert in the acquisition of secured and unsecured debt portfolios. This is facilitated by the Group’s role as a technological pioneer and its international alignment. In the current financial year there will be a stronger emphasis on organizational responsiveness, the empowerment of the workforce and collaboration with startups, as EOS prepares to meet imminent challenges while looking optimistically to the future.
Our success is based on the technological progress we have made with digitalization and the cultural improvements resulting from our new organizational and collaboration models. This makes us a stable and reliable partner, today and in the future.