Global cash collections of $426.6M, an increase of 12% Y/Y, driven by operational efforts & portfolio purchasing.
Cash Collection Source: Americas-Core $246.2M (+8.7% Y/Y); Americas-Insolvency $55.3M (+11% Y/Y); Europe-Core $118.1M (+20.4% Y/Y) & Europe-Insolvency of $7M (+40% Y/Y).
The company invested $168.3M in finance receivables in Q1 & had in place forward flow commitments of $351.3M.
Portfolio Purchase Source: Americas-Core $131.4M (+14.1% Y/Y); Americas-Insolvency $13.4M (-80% Y/Y); Europe-Core $18M (-54.4% Y/Y) & Europe-Insolvency of $5.4M (-10% Y/Y).
Nearly 3,100 full-time U.S. based collectors, an increase of 13% Q/Q.
ERC of $5.78B which increased $634.5M Y/Y & $73.7M Q/Q.
Net finance receivable revenue of $217.7M (+11.9% Y/Y).
Previously: PRA Group beats by $0.12, beats on revenue (May 9)
Subscribe for full text news in your inbox