Company Overview of Lindorff Group AB
Lindorff Group AB provides credit management services to the financial industry primarily in Norway, Sweden, Denmark, Finland, Estonia, Latvia, Lithuania, the Russian Federation, the Netherlands, Germany, Spain, and Italy. It offers information services, such as advisory services, scorecard generation and adaption, analysis, personal non-performance information, monitoring information, and information on individuals and businesses; and invoice administration services, including invoice distribution, sales ledger management, reminder and collection, reporting regarding accounts receivables, customer services in relation to payments, and a Web portal for viewing accounts receivables, as well a...
Founded in 1898
Key Executives for Lindorff Group AB
Compensation as of Fiscal Year 2015.
Lindorff Group AB Key Developments
Lindorff Opens Services Center in Vilnius
Sep 9 15
Lindorff has officially opened Lindorff Business Services, a services center, in Vilnius on September 9, 2015. The new center, which would provide services to Lindorff’s customers in Scandinavia and Western Europe, had been established in the Lithuanian capital due to several reasons. Vilnius has been chosen due to good real estate conditions and favorable business environment. However, the main reason is the potential of professional employees who speak several languages. The new center, which employs 100 various specialists, will take over certain functions from other company's units in various countries. The center will expand as it can potentially employ at least 400 people.
Lindorff Reports Consolidated Earnings Results for the Second Quarter and Six Months and Parent Earnings Results for the Six Months Ended June 30, 2015
Aug 20 15
Lindorff reported consolidated earnings results for the second quarter and six months and parent earnings results for the six months ended June 30, 2015. For the quarter, on consolidated basis, the company's revenue was EUR 128 million, results from operating activities (EBIT) was EUR 39 million, loss before tax was EUR 1 million, loss was EUR 1 million, loss attributable to owners of the company was EUR 1 million, cash flow from operating activities was EUR 57 million, acquisition of tangible fixed assets was EUR 1 million, acquisition of intangible fixed assets was EUR 57 million and adjusted EBITDA was EUR 84 million.
For the six months, on consolidated basis, the company's revenue was EUR 258 million, results from operating activities (EBIT) was EUR 70 million, loss before tax was EUR 7 million, loss was EUR 11 million, loss attributable to owners of the company was EUR 11 million, acquisition of tangible fixed assets was EUR 16 million, acquisition of intangible fixed assets was EUR 7 million and adjusted EBITDA was EUR 154 million.
For the six months, on parent company basis, the company's loss from operating activities (LBIT) was EUR 1 million, loss before tax was EUR 1 million and loss was EUR 1 million.
Lindorff Group Reports Earnings Results for the First Quarter Ended March 2015
May 28 15
Lindorff Group reported earnings results for the first quarter ended March 2015. For the quarter, the company reported net revenue of EUR 131 million compared to EUR 110 million reported in the same period last year. EBITDA was EUR 39 million against EUR 30 million reported last year. Adjusted EBITDA was EUR 76 million against EUR 59 million reported last year.
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