EOS Group's Financial Year Exceeds Expectations
29/08/2007 11:15
PR Newswire
HAMBURG, Germany, August 29 /PRNewswire/ --
- Sales for 2006/07 Up by 13.4%, EBIT Up by 11.9%
- Cash Flow- and Information Management Grow by More Than 40%
- Two New Companies Broaden Services
Robust sales growth of 13.4 per cent made the financial year
2006/07 an unexpectedly positive one for the EOS Group. The internationally
active Hamburg-based financial services group increased its sales from EUR
203.8 million to EUR 231.1 million. 'The crucial factors were growth in
Eastern Europe that far exceeded the plan and the sales increase in the US,'
says Hans-Werner Scherer, Chairman of the Board of Directors at EOS Holding.
Earnings before income and taxes (EBIT) also increased
sharply, rising by 11.9 per cent to EUR 51.5 million. The German market
remains the most important generator of sales for the EOS Group. The Group
posted 67.1 per cent of its earnings in Germany.
The receivables management division is still the main pillar
of EOS's activities around the world, accounting for 61.4 per cent of its
earnings. The cash flow management and information management divisions,
however, did some substantial catching up with increases of more than 40 per
cent over the previous year.
In the last financial year, moreover, the EOS Group in Germany
launched two new companies on the market: EOS Immobilienworkout offers to
purchase and handle non-performing real estate loans. EOS Payment Solutions,
a joint venture with Albis Finance AG, supplements the Group's portfolio with
the electronic payment services segment.
Thanks to the expansion of the Group's business activities,
its workforce increased by 6.6 per cent from 2,903 to 3,096.
Alongside its operating activities, EOS continued with its
strategy of optimizing the EOS Group's capital structure: Its capital ratio
increased by 7.5 percentage points to 34.1 per cent. 'By strengthening our
capital ratio, we are securing the financing framework for future growth,'
says Hans-Werner Scherer.
Overview of the key figures:
2006/2007 (EUR 2005/2006 (EUR
millions) millions)
Sales, revenues 231.1 203.8
EBIT 51.5 46.1
Employees 3,096 2,903
(employees)
Note for Editorial offices:
You can find further information in our new annual publication
'Insights', which can be downloaded at www.eos-solutions.com or directly from
EOS Holding (see below).
The EOS Group
With around 3,100 employees in 18 countries, KG EOS Holding GmbH & Co,
which is part of the Otto Group, is one of the leading financial services
companies in Europe. The 34 operating companies in the EOS Group offer
services in the financial management segments of information management, cash
flow management and receivables management. Today, the Group looks after some
20,000 clients around the world - from banks and insurance companies, through
the manufacturing industry and the mail order segment, right up to public
utilities, telecommunications firms and IT companies.
Contact:
Lara Flemming
Public Relations EOS Holding
Tel.: +49-40-3890-7380
E-mail: l.flemming@eos-solutions.com
Contact for press inquiries:
André Bense
das AMT GmbH
Tel.: +49-40-3890-7380
E-mail: bense@das-amt.net
Contact: Lara Flemming, Public Relations EOS Holding, Tel.: +49-40-3890-7380, E-mail: l.flemming@eos-solutions.com; Contact for press inquiries, André Bense, das AMT GmbH, Tel.: +49-40-3890-7380, E-mail: bense@das-amt.net