Altisource Portfolio Solutions SA operates in the Mortgage bankers and correspondents sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Altisource Portfolio Solutions SA with three other
financial institutions in Europe:
sales of 3.16 billion Norwegian Kroner [US$378.60 million]
HgCapital Trust Plc
of UNITED KINGDOM
(£275.89 million [US$389.68 million]
based in GERMANY
(322.66 million Euros [US$391.11 million]
of which 39%
was Engineered Products).
Sales levels dropped significantly in the first
quarter of 2021 versus the previous year's first quarter.
During the first
quarter of 2021, sales at Altisource Portfolio Solutions SA totalled
42.13 million Euro.
This is a drop of 60.2%
from the 105.86 million Euro in sales at the company during the first quarter in 2020.
This was the biggest quarterly decline in sales at Altisource Portfolio Solutions SA in the previous 34 quarters.
During the previous 20 quarters, sales at Altisource Portfolio Solutions SA have fallen vis-à-vis the same quarter in the previous year.
Altisource Portfolio Solutions SA reported sales of 318.63 million Euro (US$386.22 million)
December of 2020.
decrease of 45.1%
versus 2019, when the company's sales were 580.32 million Euro.
Contributing to the drop in overall sales was the 98.3% decline
in Service Revenue - Other, from 94.03 million Euro to 1.63 million Euro.
There were also decreases in sales in
Service Revenue - Field Services (down 43.7% to 136.94 million Euro)
Service Revenue - Market Place (down 37.0% to 71.64 million Euro)
Reimbursable Expenses - Market Place (down 25.0% to 7.26 million Euro)
Reimbursable Expenses - Field Services (down 54.4% to 3.79 million Euro)
However, these declines were partially offset by the increase in sales of
Service Revenue - Earlier Stage Business (up 40.9% to 1.96 million Euro)