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Axactor ASA (LTS:0QIG) Interest Received


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What is Axactor ASA Interest Received?

Interest Received only applicable to companies reporting Cash Flow from Operations in direct method.


Axactor ASA Business Description

Traded in Other Exchanges
Address
Drammensveien 167, Oslo, NOR, NO-0277
Axactor ASA is a debt management company that specializes in purchasing and collecting debt portfolios. It also provides collection services for third-party-owned portfolios. The company operates in two segments: Non-performing loans (NPL) and Third-party collection (3PC). The NPL segment invests in portfolios of non-performing loans, which are presented as 'Purchased loan portfolios' in the consolidated statement of financial position. The 3PC segment focuses on performing debt collection services on behalf of third-party clients. Axactor ASA operates in Finland, Germany, Italy, Norway, Spain, and Sweden. The majority of its revenue comes from interest earned on purchased loan portfolios.