• Revenue at high level despite challenging market situation • More than €100 million invested in receivables and real estate in Germany • Flexible working model including option to work remotely and from other EU countries
Hamburg, Germany, July 20, 2022 – The EOS Group, an international financial investor and technology-driven debt collection service provider with headquarters in Hamburg, reported a positive and stable performance in fiscal 2021/22. Despite the pandemic and an increasingly aggressive market environment, the consolidated revenue of the Group could be increased by 1.6 percent. Earnings before interest, tax, depreciation and amortization (EBITDA) amounted to €282.5 million and were only slightly down from the previous year (€312.4 million). This was due primarily to the war in Ukraine and the associated precautionary accounting measures taken by the company. “We owe last year’s success primarily to our more than 6,000 employees in 24 countries. Every single day, and in what are volatile times, they make EOS a more dynamic and digital place,” says Marwin Ramcke, CEO of the EOS Group.
In Germany too, EOS had a successful end to the last financial year 2021/22: Although revenue declined slightly on a year-on-year basis due to the challenging market situation, it remained high at €274.8 million. To reinforce its leading position on the German market, EOS invested more than €100 million in receivables and real estate in Germany last year. In addition, the company pressed ahead with its internal digitalization process and significantly improved its collection software based on machine learning algorithms.
Hybrid working model increases the appeal of EOS as an employer
“We are constantly improving in areas like data analytics, intelligent software and agile working methods. Ultimately, however, it is our employees who are the crucial factor in our success,” says Andreas Kropp, member of the EOS Group’s Board of Directors with responsibility for the German market. “This is why we are working intensively on developing the working models of the future and looking at how we can make EOS even more attractive as an employer.” As well as converting office spaces according to ‘new work’ principles, a hybrid working model was introduced that allows staff even more flexibility. For example, the teams decide for themselves how often they meet in the office and/or work remotely. And from August 2022, EOS employees in Germany can also work up to 30 (work) days a year from another EU country, depending on their role.
Social responsibility: Supporting financial literacy in more than 900 schools
EOS has set itself major long-term goals with the corporate responsibility strategy it introduced in the last financial year. One of these initiatives is providing support for the financial education of schoolchildren via the company’s non-profit subsidiary, the finlit foundation. More than 900 schools in Germany have already incorporated the multi-award-winning ManoMoneta program for children aged 9-12 into their curriculum. Meanwhile, the international roll-out has begun. The program was launched in the Czech Republic in June 2022, and other countries are set to follow.
Go to our virtual press area for more detailed information on fiscal 2021/22 and to download our Annual Report: https://de.eos-solutions.com/en/eos-annual-report-2021-22.html
Daniel Schenk, Team Lead Corporate Communications German Market
Marc Heuer, Corporate Communications & Marketing EOS Group
Tel: +49 40 2850 1222
The EOS Group is a leading technology-driven investor in receivables portfolios and an expert in the processing of outstanding receivables. With over 45 years of experience and branches in 24 countries (as at fiscal 2021/22), EOS offers its some 20,000 customers worldwide smart services for all their receivables management needs. Its key target sectors are banking, real estate, telecommunications, insurance, mobility, utilities and e-commerce. EOS employs more than 6,000 people and is part of Otto Group.
For more information on EOS, please go to: de.eos-solutions.com