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... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...