In the Q2, Encore Capital Group Inc 's corporate clients experienced a fall by -30.2 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -31.78 %. During the corresponding time, Encore Capital Group Inc recorded a revenue increase by 11.25 % year on year, sequentially revenue grew by 3.46 %. While revenue at the Encore Capital Group Inc 's corporate clients recorded rose by 8.84 % year on year, sequentially revenue grew by 5.47 %.
Customers of Encore Capital Group Inc saw their costs of revenue fall by -30.2 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -31.78 %, for the same period Encore Capital Group Inc recorded revenue increase by 11.25 % year on year, sequentially revenue grew by 3.46 %.
Encore Capital Group Inc's Comment on Sales, Marketing and Customers
We purchase 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. Defaulted receivables are consumers’
unpaid financial commitments to credit originators, including banks, credit unions,
consumer finance companies, commercial retailers, and telecommunication companies.
Defaulted receivables may also include receivables subject to bankruptcy proceedings.
Through certain subsidiaries, we are a market leader in portfolio purchasing and
recovery in the United States, including Puerto Rico. Our subsidiary, Janus Holdings
Luxembourg S.a.r.l. (“Janus Holdings”), through its indirectly held
U.K.-based subsidiary, Cabot Credit Management Limited and its subsidiaries (collectively,
“Cabot”), is a market leader in credit management services in the
United Kingdom, historically specializing in portfolios consisting of higher balance,
semi-performing accounts (i.e., debt portfolios in which over 50% of the accounts
have received a payment in three of the last four months immediately prior to
the portfolio purchase). Cabot’s acquisition of Marlin Financial Group Limited
(“Marlin”), in February 2014, provides Cabot with substantial litigation-enhanced
collection capabilities for non-performing accounts. Cabot continued to expand
in the United Kingdom with its acquisition of Hillesden Securities Ltd and its
subsidiaries (“dlc”) in June 2015.
Encore Capital Group Inc’s Comment on Sales, Marketing and Customers
We purchase 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. Defaulted receivables are consumers’
unpaid financial commitments to credit originators, including banks, credit unions,
consumer finance companies, commercial retailers, and telecommunication companies.
Defaulted receivables may also include receivables subject to bankruptcy proceedings.
Through certain subsidiaries, we are a market leader in portfolio purchasing and
recovery in the United States, including Puerto Rico. Our subsidiary, Janus Holdings
Luxembourg S.a.r.l. (“Janus Holdings”), through its indirectly held
U.K.-based subsidiary, Cabot Credit Management Limited and its subsidiaries (collectively,
“Cabot”), is a market leader in credit management services in the
United Kingdom, historically specializing in portfolios consisting of higher balance,
semi-performing accounts (i.e., debt portfolios in which over 50% of the accounts
have received a payment in three of the last four months immediately prior to
the portfolio purchase). Cabot’s acquisition of Marlin Financial Group Limited
(“Marlin”), in February 2014, provides Cabot with substantial litigation-enhanced
collection capabilities for non-performing accounts. Cabot continued to expand
in the United Kingdom with its acquisition of Hillesden Securities Ltd and its
subsidiaries (“dlc”) in June 2015.
Sources:
Encore Capital Group Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Encore Capital Group Inc’s corporate clients.
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