Encore Capital Group(ECPG) - 2022 Q4 - Earnings Call Transcript

With that, let me turn the call over to Ashish Masih, our President and Chief Executive Officer. Turning to our business in Europe. CabotÂ's collections in 2022 declined 14% as reported, primarily due to the foreign currency effect of the weakening of the British pound and euro. In constant currency, CabotÂ's collections declined only 5%. Collections in the fourth quarter remained largely in-line with previous quarters. When compared to our collections performance in continental Europe, our U.K. collections ...