Adj. gross collections EUR 13.8m (-3% q-o-q, +52% y-o-y), 21% above ARCeAdj. cash EBITDA of EUR 8.3m (+32% q-o-q, +118% y-o-y), 57% above ARCeIssued EUR 25m super senior debt to repurchase 2026 bonds via reversed Dutch auctionPositive financial developments, but limited analytical visibility
