DDM Holding AG publishes its year-end report 2014 (January-December 2014)


Highlights fourth quarter 2014

• Gross ERC increased with EUR 3.9M to EUR 60.4M during the fourth quarter, up
7% compared to the third quarter 2014. This despite being impacted negatively by
EUR 5.9M due to the weakness in the RUB.
• Net collections increased significantly in the fourth quarter and amounted to
EUR 6.3M.
• Cash EBITDA amounted to EUR 4.8M.
• Russia significantly weighed on the quarter, primarily through unrealized FX
losses of EUR 2.7M and EUR 1.5M of portfolio revaluations, bringing the total
impact to EUR 4.2M.
• Portfolio acquisitions closed during the quarter amounted to EUR 3.0M.
• The Board proposes that the Annual General Meeting distribute no dividend for
fiscal year 2014.

After date of the balance sheet
• After the end of the quarter DDM made its first acquisition in Hungary to
pursue DDM’s strategy to actively seeking new markets to broaden its investment
base as well as spreading currency and country specific risks.
Excerpts from the nine month report:

Comment by the CEO:

DDM continues to increase its ERC (Estimated Remaining Collections) through new
investments. Gross ERC has increased 57% since the end of second quarter 2014
(the first reporting point) and increased 7% during the fourth quarter despite
being impacted negatively by EUR 5.9M due to the weakness in the RUB. As a
result of the increased investments net collections in Q4 2014 amounted to EUR
6.3M, an increase of 140% compared to Q3 2014, which is partly driven by some
investments that has yielded collections faster than forecasted.

This resulted in a sharp increase in cash-EBITDA to EUR 4.8, an increase of 200%
compared to the previous quarter, driven by higher net collections.

In addition to our recent expansion into Poland, Slovenia and the Czech Republic
during 2014, in early February 2015 we entered into Hungary. This transaction
was made in partnership with one of the world’s largest financial institutions
and we see great opportunities for further profitable growth of our investment
portfolio in Hungary
For more information, please visit DDM’s website at www.ddm-group.ch or contact:

Anders Antonsson, Investor Relations
Mail: a.antonsson@ddm-group.ch | Tel: 46 8 4080 9030
DDM Holding AG (Nasdaq First North Stockholm: DDM) is a multinational investor
and manager of distressed assets. Since 2007, the DDM Group has built a
successful platform in Eastern Europe, with over 2 million receivables in
nominal value over EUR 1.4 billion. DDM Treasury Sweden AB (publ) (NGM: DDM1) is
a subsidiary wholly owned by DDM Holding AG. Pareto Securities is DDM Holding
AG’s Certified Adviser.

Pièces jointes

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