Q3 earnings up 11% says Arrow Global
ARROW Global, the deal-hungry debt purchase and recovery company has reported another strong trading period.
The Manchester company said adjusted EBITDA in the nine months to the end of September are 11.2% ahead of Q3 2013 at £71.9m. Core collections rose 12.6% to £105m.
Arrow said its £158m acquisition of rival Capquest, first announced in September, was due to complete on Friday. The group has funded the deal through a €225m bond.
Chief executive Tom Drury said he was pleased with progre... For the full story register now for free or login below...