D&B Receivable Management Services, headquartered in Bethlehem, PA with offices throughout the U.S., Canada, Hong Kong, India and Mexico, reports continued growth for first quarter, 2003. Revenues increased 12% in the outsourcing segment of the business and 2% in the third party collections segment, compared to prior quarter, with EBITDA (earnings before interest, taxes, depreciation and amortization) increasing 10%.
?While the receivable industry has been effected by the soft economy, D&B RMS continues to maintain a strong financial and operating position,? said David Huebner, President & CEO, D&B Receivable Management Services. ?Our business has remained focused on its core strategy of providing a continuum of products and services in the order to cash business cycle. Our growth has been through internal effort, rather than acquisitions.?
According to Huebner, D&B Receivable Management Services has seen an increase in multinational clients looking for global solutions that are fulfilled by its offices in Mexico, Hong Kong and Europe (through an exclusive relationship with Intrum Justitia, Europe?s largest receivable management services organization).
In 2002, D&B Receivable Management Services? revenue was up 8% over prior year and its EBITDA up 16.2%. The company has experienced strong EBITDA and compounded annual revenue growth of 25.2% and 18.9% respectively over the past five years.
Recent highlights include signing a joint marketing agreement with Intrum Justitia; and expanded investment in web-enablement, call centers, offshore capabilities and electronic billing and presentment.
?We are investing heavily in technology, especially web-enabling our systems, to seamlessly interact with clients, provide 24/7 customer access to information and improve efficiency,? Huebner said.
D&B Receivable Management Services
D&B Receivable Management Services, headquartered in Bethlehem, Pennsylvania with operations in the United States, Canada, Mexico, India and Hong Kong, is a leading global supplier of receivable management services. D&B Receivable Management Services provides customers a continuum of services from electronic bill presentment through outsourcing, traditional collections, bankruptcy services and deductions management. For more information about D&B Receivable Management Services, visit www.dbrms.com.
