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DDM Holding AG and DDM Treasury Sweden AB: Financial results first quarter 2015
DDM Holding AG (First North: DDM), a multinational investor and manager of distressed assets, and its subsidiary DDM Treasury Sweden AB (publ), today announced their Q1 2015 interim reports.
The complete interim reports are available on the group’s website, www.ddm-group.ch
Commenting on the results, Mr. Gustav Hultgren, CEO of DDM Holding AG, said:
“DDM continues to grow its investments and increase its ERC (Estimated Remaining Collections). Gross ERC has increased 36% compared to first quarter 2014. As a result of the increased investments, net collections in the first quarter of 2015 amounted to EUR 5.7M, an increase of 102% compared to first quarter 2014, partly driven by some portfolios performing better than the average collection curve.”
In the market outlook, Mr Hultgren said: “Due to our efforts to broaden DDM’s geographical scope to include several more markets apart from our traditional markets, Russia and Romania, we are seeing a sharp increase of invites to bid for large portfolios. This, together with our cooperation with capital-strong partners, gives us confidence that we are in a position to significantly increase our investments compared to 2014.”