Intrum - Negative adjustments following third quarter 2022 revaluations of specific investment portfolios
As part of the third quarter 2022 revaluation process, Intrum AB (publ) (“Intrum”) has identified negative adjustments ranging from SEK 2.9 to 3.3 bn due to lowered collection expectations on specific investment portfolios that will negatively impact Intrum’s profit and loss account for the third quarter 2022.The adjustments consist of the following items: · SEK 2.3 to 2.7 bn is related to the book value of specific secured portfolios, invested via joint venture arrangements. This adjustment is principally related to the Italian SPV which owns the portfolio that Intrum, together with