MILAN (ITALPRESS) – The Fire group continues its growth in all business sectors: Turnover substantially stable at € 49.1 million; + 27% EBITDA, 5.9 million euros (4.6 million in 2019), equal to 12% of revenues (9% in 2019); + 44% adjusted EBITDA, € 9.3 million (€ 6.5 million in 2019), equal to 17% of revenues (12% in 2019); + 10% Asset Under Management, 22 billion euros (20 billion in 2019). The Fire Group Board of Directors, chaired by Sergio Bommarito, approved the draft consolidated financial statements at 31 December 2020. The Non-Performing Loan sector is growing in particular. Despite the pandemic causing a reduction in credit lines in the debt management business, the arrest of the courts and the suspension of tax collection activities, the turnover remained substantially stable at 49.1 million euros (50.1 million euros in 2019). The Group’s margins improved significantly, with adjusted EBITDA of € 9.3 million, equal to over 17% of revenues, up 5 percentage points compared to the previous year, and reported EBITDA of approximately 5 percentage points. , 9 million, corresponding to 12% of revenues (+ 27% vs 2019). “2020 will inevitably be remembered as the year of Covid” comments Bommarito, who continues: “from the first news of a threat perceived as distant and materialized with the identification of the first cases in Italy and the announcement of the lockdown on March 9 of a year ago, up to the present day, we built a new way of living and working. Despite the period, Fire managed to achieve excellent management and financial results, thanks to the proactive approach to a particularly challenging context “adds the president of the Group. “The significant growth in profitability demonstrates the excellent level of efficiency in the supervision of internal processes and costs, in the face of investments in the operating machine unchanged compared to expected. Fundamental was the contribution of human capital: all our people promptly collected the challenges that have presented themselves with great adaptability and a commendable sense of belonging. In recognition of this demonstration of attachment and responsibility and to enhance the contribution of the individual, we have decided to assign an extraordinary bonus to the employees of the Fire and Fire Group companies equal, on average, to 30% of the net monthly salary, in the context of a year, such as 2020, which closed with excellent results “. The Fire Group, with over 28 years of experience, is today the first independent Group active in credit management since the early stages of problems, with 5 operating companies specialized in services along the supply chain: credit management, restructuring, advisory and due diligence for purchase of portfolios, local taxation and tax collection, business information, SME scoring (Z-score). (ITALPRESS). abr / com 24-Apr-21 10:31
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