Intrum AB – Year-end announcement 2023
· Seasonally strong end to a transitory year · Income flat vs. strong Q4 ‘22 and up 3 per cent vs. FY ’22 · Full year EBIT increased to SEK 4,364 M vs SEK 154 M (inclusive of JV write down) · EBIT includes SEK 541 M for the FY ’23 in respect of costs to execute the cost saving program · Adjusted Income was up 8 percent vs. Q4 ’22 and 5 percent vs. FY ’22 primarily driven by M&A activity in Servicing segment · Adjusted EBIT reduced by 1 percent vs. Q4 ’22 and 13 percent vs. FY ’22 driven by cost growth in excess of income · Leverage ratio flat at 4.4x (including 0.1x