EOS Germany: Further increase in revenue to EUR 341.1 million.

Andreas Kropp, Member of the EOS Group’s Board of Directors responsible for the German market, explains how the EOS Group’s strongest region achieved its outstanding performance.

  • Revenue increase achieved. 
    In Germany, EOS once again bumped up revenue slightly over the previous year to EUR 341.1 million.
     
  • Previous year far surpassed.
    Increase in investments in portfolio purchases, especially in real estate and receivables secured by real estate.
     
  • Growth in fiduciary business.
    In Germany, the number of receivables in the fiduciary business increased by 18 percent over the previous year.

We are happy in Germany about a further increase in revenue to EUR 341.1 million. With a share of EOS Consolidated’s turnover of 41.9 percent, Germany is the EOS Group’s strongest region.  

Investments increased: EOS Consolidated once again bumped up revenue in Germany in 2018/19.

Investments intensified.

The volume of fiduciary debt collection grew over the last year. The number of receivables increased by 18 percent. In debt purchasing, we held our ground very well in a highly competitive environment. Due to the good economic situation in Germany, only a few significant portfolios went on the market. Despite that, we stepped up our investments by nearly 24 percent. For example, we were able to acquire a forward flow portfolio from a major German bank with a term of 24 months. We also intensified investments in real estate-secured receivables and real estate to be restructured. Our inventory of commercial real estate nearly doubled. At the same time, we were able increase the volume of restructured real estate divestitures. 

EOS sold the EOS Health Honorarmanagement AG within the scope of the sale of factoring activities, with closing in May 2019. We are continuing to embrace digitalization in Germany with the further development of the debt collection system FX. We are also positioning ourselves with our good reputation and wealth of experience in busi-ness process outsourcing as a partner for companies wishing to outsource their receivables management.

Despite the tough competition, we increased debt purchases.
Andreas Kropp, Member of the EOS Group’s Board of Directors responsible for the German market
Cover EOS Annual Report 2018/19

EOS Annual Report 2018/19

Contact EOS

Daniel Schenk Senior PR Consultant bei EOS Holding GmbH

EOS in Germany

Daniel Schenk
Head of Corporate Communications & Marketing Germany

Steindamm 71
20099 Hamburg
Germany

[email protected]

EOS in Germany

Cornelia Claußen
Senior PR Consultant

Phone: +49 40 2850 1222

[email protected]

Photo Credits: Jann Klee

Explore more insights from EOS

Receivables purchasing: Matthias Schmidt, Head of Operational Debt Purchase at EOS Group, sits in front of a wall covered in post-its and other notes.

How portfolio valuation works in receivables purchasing

4 min.
Before submitting an offer, EOS thoroughly analyzes a receivables portfolio to understand its characteristics and determine a purchase price that is as fair as possible for the seller.
Learn more
You can see a man in business attire explaining something with a friendly, engaged expression. In front of him stands another person who is clearly listening to him. You can see a whiteboard with a sketch in the background.

Forward-flow agreements benefit everyone.

6 min.
Why do companies continuously purchase defaulted receivables from other businesses? We explain how the forward-flow business works – and why this is a successful solution for everyone involved.
Learn more
Meike Fabian in an interview

Responsible AI use: Explicit guidelines at EOS

6 min.
Binding policies and processes ensure that AI is used responsibly. Meike Fabian, Chief Compliance Officer at EOS, discusses the company’s AI corporate policy in an interview.
Learn more