Intrum Justitia adjusts its reporting of Purchased Debt investments
From quarter 1 2015, Intrum Justitia will adjust its reporting of the key figure “Purchased Debt investments”. In previous years, Intrum Justitia has reported this key figure based on outgoing cash-flows. From 2015, the group will report Purchased Debt investments based on when investments are contractually agreed and recorded on the balance sheet, as this represents a more relevant definition for when a Purchased Debt acquisition is completed.
The table below illustrates the historical development for both metrics during 2013-2014, which shows that the difference between the two metrics is insignificant when comparing over a full year.
|Purchased Debt Investments
|Q1 2013||Q2 2013||Q3 2013||Q4 2013||Full Year
|Q1 2014||Q2 2014||Q3 2014||Q4 2014||Full Year
|Per 'Paid' definition
(used up until 2014)
|920||597||692||266||2 475||688||537||271||454||1 950|
|Per 'Booked' definition
|983||533||700||308||2 524||619||574||267||477||1 937|
|Difference, Paid less Booked||-63||64||-8||-42||-49||69||-37||4||-23||13|
For further information, please contact:
Erik Forsberg, CFO
Tel: + 46 8 546 102 02
Intrum Justitia is Europe’s leading Credit Management Services (CMS) group, offering comprehensive services, including purchase of receivables, designed to measurably improve clients’ cash flows and long-term profitability. Founded in 1923, Intrum Justitia has some 3,800 employees in 20 markets. Consolidated revenues amounted to about SEK 5.2 billion in 2014. Intrum Justitia AB is listed on Nasdaq Stockholm since 2002. For further information, please visit www.intrum.com