Intrum’s Post

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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.”

Intrum delivers a solid second quarter in Servicing and Investing and achieves several significant milestones in execution of capital light strategy | Intrum

Intrum delivers a solid second quarter in Servicing and Investing and achieves several significant milestones in execution of capital light strategy | Intrum

intrum.com

Carlos H. Pardo

Event Driven, Antitrust, Derivatives & Structured Credit Expert- CQF, Solicitor

3mo

Great earnings call with high quality Q&A and a positive market reaction today (shares up 23% on the day). Board taking many small but very positive steps. Still a long way to go, please fasten your seatbelts, but the board is going in the right direction. 80 long minutes but worth listening for anyone interested in earnings calls https://ir.financialhearings.com/intrum-q2-report-2024

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