(Tiper Stock Exchange) – AMCO extensiona company owned by the Ministry of Economy and Finance and primary operator in the management of non-performing loans, closed 2022 with revenues up 43% to 439 million euros, a EBITDA up 64% to €304.1 million (EBITDA margin at 69.2% vs 60.5% in 2021) and a normalized consolidated net income for non-recurring items, an increase of 31% to 91.3 million euro.
As of December 31, 2022, the Assets under Management (AuM) reached 36.4 billion euro, of which 67% non-performing loans (or Non-performing loans, NPLs) and 33% Unlikely to pay (UTPs), up 12% compared to the end of 2021 due to the acquisitions of new portfolios and for the new contributions to the Cuvèe Fund.
The cash in 2022 they will reach 1.52 billion euros, with a growth of 12% compared to 1.35 billion in 2021. The collection rate overall, which goes from 4.1% in 2021 to 4.7% in 2022, confirming the strengthening of the recovery capacity.
“During 2022, the management of positions through a sustainable approach to credit led to double-digit growth in collections: plus 12%. The acquisition of new portfolios, through competitive processes, drove the growth in results operations and the normalized net profit increased by 31%.The capital solidity is confirmed: AMCO is ready for new development projects“said theAD Marina Natale.