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Encore Capital Group reported strong Q4 2020 results, with increased total collections and total revenues. The company continued to execute its strategy, delivering strong returns and achieving new highs for collections, revenues and earnings.
Encore delivered records for collections, revenues and earnings for the year
New global funding structure already delivering benefits, including lower cost of funds
Leverage reduction continues, down to 2.4x at year-end from 2.7x a year ago
Collections performance in Europe improved substantially through the remainder of 2020.
The company expects to continue to deliver strong earnings and what they believe are the highest returns in their industry in 2021.