Fiscal 2019/20: Strong market position in Germany.

EOS in Germany is continuing its successful run. In the last financial year the company focused on operational excellence and digital transformation. With this in mind, EOS is investing in its people, technology and culture.

Annual Report
  • Strong market position: EOS wins significant portfolios.
  • EOS in Germany is investing in its people, technology and corporate culture to ensure its competitiveness. 
  • Decline in annual revenues 2019/20 due to sale of EOS Health Honorarmanagement AG.
Annual Report 2019/20: Germany’s share of total revenue in fiscal 2019/20
Anteil von Deutschland am Gesamtumsatz im Geschäftsjahr 2019/20.

With a share of total revenue of just under 36 percent, Germany remains the strongest performing region of EOS Consolidated. A comparison with fiscal 2018/19 shows a drop in revenue of 11 percent, from around EUR 341 million to EUR 303 million. This is attributable to the sale of the financial and IT service provider EOS Health Honorarmanagement AG and a decline in write-ups from receivables purchases. 

EOS reinforces its leading position on the market.

With investments to the tune of EUR 236 million, EOS in Germany has outperformed its investment level from the last reporting period. Its share of total investment by EOS Consolidated is more than 36 percent. There were higher levels of investment above all in unsecured debt portfolios. “Although there were fewer significant receivables packages on offer, EOS did acquire some crucial revolving portfolios and was thus able to reinforce its leading position on the market,” says Andreas Kropp, member of the EOS Group’s Board of Directors with responsibility for Germany.

Investments in receivables purchases and real estate.

  • Annual Report 2019/20: Germany’s share of total revenue in fiscal 2019/20

       

  • Annual Report 2019/20: Investment in receivables purchases and real estate

       

  • Annual Report 2019/20: Germany’s share of total revenue in fiscal 2019/20

       

Receivables purchased.

  • Annual Report 2019/20: Investment in receivables purchases and real estate

        

  • Annual Report 2019/20: Investment in receivables purchases and real estate

        

  • Annual Report 2019/20: Investment in receivables purchases and real estate

       

Focus on three areas of development.

“Our numerous digitalization initiatives and good reputation make us a reliable and attractive partner for our customers,” says Kropp. And to make sure that it stays that way, EOS in Germany has prioritised three development areas in particular: people, culture and technology.

Productivity increases continue to be the focus. The reorganisation of processes led to a reduction in bureaucracy, faster decision-making channels, more autonomy and better resource and cost efficiency. Kropp expects further performance increases in the company’s core business thanks to the ongoing development of new receivables management software.  

The greatest challenge for the current financial year will be the amendments to German debt collection legislation, which primarily concern the level of debt collection fees.

Annual Report 2019/20: Receivables purchased
Annual Report 2019/20: Rosette with A-rating

Consistently high credit rating.

Credit rating agency Euler Hermes Rating gave EOS Holding the excellent rating score A for the 16th time in a row. In their evaluation this year the auditors attested that EOS continues to present a low financial risk.

Germany as part of the Group.

With more than 40 years of experience in the business, the EOS Group serves more than 20,000 customers from a wide range of segments in 180 countries worldwide. With more than 2,000 employees out of a total workforce of around 7,500, EOS in Germany is a major part of the Group and also provides its headquarter in Hamburg.

EOS enables its customers to focus on their core business, increases their liquidity and minimises their reputational risk. Because as a responsible company, we are well aware that behind every receivables portfolio there are human beings. Accordingly, we acquire the receivables packages at realistic prices and do not speculate with them. The outstanding receivables are processed in a professional manner by our trained staff who treat late payers equitably. By working like this we ensure our long-term success and contribute towards a healthy economy. 

Annual Report 2019/20: EOS as global network

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Photo Credits: Jann Klee / EOS

Footnote:

  1. For accounting reasons rounding differences may appear in tables and text.
  2. Includes portfolio investments reported as loans receivable for structural reasons (financial presentation).

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