Intrum Justitia acquires Danish credit management company Difko Inkasso A/S

Intrum Justitia acquires the Danish credit management operations Difko Inkasso A/S. The acquired operations run both a credit management operation and act as an investor in purchased debt. The company employs around 20 people and is expected to generate revenues of approximately 21 MDKK for 2011. The acquisition strengthens Intrum Justitia's market position in Denmark.

“Difko Inkasso is a profitable and well-managed operation with an interesting client mix that will help strengthening our position in primarily the banking & finance sector. It is also increasing our market share in Denmark making us the number two player in the market. To gain market leadership in each local market is an important goal for us and this is a step in the right direction in the Danish market,” says Rickard Westlund, Regional Managing Director of Region Northern Europe.

The purchase sum is based on a net-debt-free valuation of DKK 45.5 M. Revenues are expected sales of DKK 21 M for 2011 with an operating margin well in line with the margin of the Intrum Justitia Group. 

For further information, please contact:

Lars Wollung, President and CEO
Tel: +46 (0)8 546 102 00

Rickard Westlund, Regional Managing Director, Northern Europe

Tel: +46 (0)8 546 102 00

Annika Billberg, IR & Communications Director

Tel: +46 (0)8 546 102 03, +46 (0)702 67 97 91
E-mail: a.billberg@intrum.com 

Intrum Justitia is Europe’s leading Credit Management Services (CMS) group and offers services designed to measurably improve clients’ cash flows and long-term profitability. Intrum Justitia was founded in 1923, has around 3,100 employees in 22 countries and revenues of approximately SEK 3.8 billion in 2010. Intrum Justitia AB is listed on NASDAQ OMX Stockholm since 2002. For further information, please visit www.intrum.com