Credit, Collections & Insolvency News
European credit management specialist Lowell has announced its latest company results for the quarter ending 30th June 2020.
The results showed growth in cash income with EBITDA at £120million.
Colin Storrar, Group CEO, at Lowell said “I am very proud of these results. We continue to deliver robust performance founded on resilient collections and agile cost management during this period of change and uncertainty.”
“These results are the consequence of sound strategic and financial planning. They demonstrate that we are a mature business that understands its markets and the need for financial prudence, and one that also has the insight and expertise that drive operational resilience.”
“While the social and economic uncertainty continues, we remain confident that our strong cash generation, disciplined capital deployment, track record of cost management, and our strong liquidity position mean we are well placed to take advantage of what we believe to be a particularly attractive market outlook.”