STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Excerpts from the Interim Report:
Comment by CEO Gustav Hultgren
2013 was significant year for DDM. We were able and successful in attracting external investors to support our strategies to finance the acquisition of consumer debt portfolios in Romania and Russia. With our Swedish heritage it was rational to turn to the Nordic markets for a capital injection. In June 2013, DDM Treasury AB (publ), a wholly owned subsidiary of DDM Holding AG, issued a bond denominated in SEK in the Swedish market and thereby took its first step to a more public role.
I joined DDM Group as President and CEO in the beginning of the third quarter 2013. At the same time the company’s founder and previous CEO, Mr Kent Hansson, assumed the position as Chairman of the Board. The period since I joined DDM Group has been very exciting, as we are continuously strengthening DDM to ensure a well-performing and robust organisation to be able to deliver sustainable and profitable growth.
Our core markets are characterized by considerable regional differences and there is substantial uncertainty regarding the macroeconomic situation in several countries in the general region. In a substantially weakened macroeconomic situation in Europe and/or Russia, with increased unemployment and weakening exchange rates, DDM Treasury is negatively affected.
In DDM Treasury’s view, the Group’s strategic focus is well attuned to the market trend, as selling companies’ need to generate stronger and more predictable cash flow is increasing, as is the need to create additional alternatives for financing, for example by selling portfolios. These are trends that, in the long term, will benefit DDM Treasury.
For more information on DDM Group AG, please visit www.ddm-group.ch
DDM Group AG is a leading investor in non-performing consumer debt. Since 2007, the company has built a successful platform in Eastern Europe, with over 1.9 million receivables in nominal value over EUR 1.2 billion. DDM Treasury Sweden AB (publ) is wholly owned by DDM Group AG.
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