Intrum

This morning on Di tv, Dagens Industri, Intrum’s CEO Andrés Rubio comments on our third quarter results: “What this quarter demonstrates is tangible progress on three strategic pillars: we are improving and developing our Servicing business, we are transitioning from balance-sheet-heavy to capital-light investing, and we are making our platform more efficient.”   “During the quarter we had a 18 percent EBIT margin, compared to 12 percent a year ago. This is a meaningful progress towards our goal. We invested a little less than I would have liked, but at very attractive returns, and we continue to collect on our book above historical and original expectations. In addition, and importantly, we agreed to five transactions with Cerberus which will drive both investment managing and Investing.“   See the full clip on Dagens Industri, the interview is in English.

Earlier this morning we announced Intrum's Q3 results; A steady financial performance and significant progress towards key financial targets and comprehensive recapitalisation. Welcome to register for the presentation at 9:00 am CET, and listen to Andrés Rubio, President & CEO of Intrum, and Johan Åkerblom, as they comment on the company's development and recent events.

Today, Intrum announced its financial results for the third quarter and reports a steady financial performance and significant progress towards key financial targets and comprehensive recapitalisation. Intrum’s President & CEO, Andrés Rubio, comments: “I am pleased with the progress we have made this quarter in both the Servicing and Investment businesses and our cost reduction initiatives are delivering. We also received overwhelming support from creditors on our recapitalisation transaction, which will ensure we have a capital structure which is aligned with our long-term business plan." "We remain committed to our capital-light strategy which enables us to scale our investment activity without increasing our debt, while benefitting from long term servicing and portfolio management revenue. We continue to be focused on deleveraging, further strengthening our market-leading position and achieving our financial targets for 2026.”

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On October 23rd, we will announce Intrum's interim results for the third quarter of 2024. Welcome to register for the presentation and listen to our President & CEO, Andrés Rubio and CFO, Johan Åkerblom, as they comment on the company's developments and recent events.

How will upcoming ECB rate cuts impact corporate and household credit in the EU?   As we enter a monetary policy easing cycle, our Senior Economist Anna Zabrodzka-Averianov has provided expert commentary to how rate cuts will affect businesses and households differently, and whether they will be enough to counter growing financial pressures.   In our new edition of Economy in Focus, you’ll discover: 📍 The rise of corporate insolvencies 📍 Shifts in household borrowing patterns 📍 The deceleration of consumer lending 📍 Long-term trends in the EU's financial landscape   Download today: https://lnkd.in/d6ajBG2D

Did you miss the latest insights from Intrum's European Payment Report? In this 4 minute video, our President and CEO Andrés Rubio comments on the main findings from this year’s survey.   💡 Corporate cost-cutting at a four-year high despite growing economic optimism   💡 European companies are waiting on receivables of at least €10.5 trillion. How confident can they be that this enormous sum will be paid on time and in full?   💡 AI enthusiasm is growing as executives consider applications throughout the business, including back office.   Download the full report here: https://lnkd.in/d59BCrvQ

Earlier this morning, following Intrum's announcement of our Q2 financial results, President & CEO Andrés Rubio appeared on CNBC to discuss the latest developments, our progress towards a capital-light business model, and the current macroeconomic situation still putting pressure on consumers.

We announced Intrum's financial results for the first half of 2024 today. Andrés Rubio, Intrum’s President & CEO, comments: “In the second quarter, we made strong progress in executing our capital-light strategy, with the sale of assets to Cerberus and the term sheet we signed relating to future investments. These developments are the start of our journey as we grow our highly cash-generative Servicing revenue and pivot towards a capital-light business model and evolve into becoming an investment manager. I am pleased to see the strong performance of our Servicing business with positive topline development driven by increased commercial activity, combined with increased margins leading to performance improvement across all of our regions. In parallel, our Investing business showed continued resilience and strong cash generation despite operating in a challenging economic environment.”

Tomorrow, July 18, we will announce Intrum's financial results for the second quarter of 2024. Welcome to listen in to the presentation at 09:00 a.m. CET, where Andrés Rubio, President & CEO, and Emil Folkesson, Interim CFO & IR Director, will comment on the latest developments.