Detail akcie Encore Cap Grp online

Business Summary: Encore Capital Group, Inc. is an international specialty finance company. The Company provides debt recovery solutions and other related services for consumers across a range of financial assets. Through its subsidiaries, the Company purchases portfolios of consumer receivables from banks, credit unions, and utility providers. It primarily purchases portfolios of defaulted consumer receivables at deep discounts to face value and manage them by working with individuals as they repay their obligations and work toward financial recovery. The Company also provide debt servicing and other portfolio management services to credit originators for non-performing loans in Europe. The Company’s debt servicing operations include early-stage collections, business process outsourcing and contingent collections for credit originators. The Company mainly provides debt servicing for consumer accounts, but also provides services for business-to-business accounts.
Financial Summary: BRIEF: For the six months ended 30 June 2024, Encore Capital Group Inc revenues increased 8% to $683.7M. Net income increased 23% to $55.4M. Revenues reflect Portfolio Purchasing Agency segment increase from $323M to $683.7M, United States segment increase of 13% to $458.9M, Other geographies segment increase from $189K to $1.3M. Net income benefited from Portfolio Purchasing Agency segment income increase from $88.1M to $185.4M.