Fiscal 2019/20: Strong market position in Germany.

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. 

“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.

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.

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.