Intrum AB – Interim results July-September 2023
· Seasonally slower third quarter in a transitory 2023 · Income increased 9 per cent vs. Q3 ‘22 and 5 per cent vs. YTD ‘22 driven by both Servicing and Investing segments · Adjusted EBIT reduced by 13 per cent vs. Q3 ‘22 and 18 per cent vs. YTD ‘22 driven by cost growth in excess of income · EBIT YTD, increased by 108 per cent vs. YTD ’22 mainly due to the impact of the JV write down last year · Leverage ratio decreased 0.2x to 4.4x in the quarter driven by favourable FX movements and recent acquisition in Spain · Commercial focus with record ACV signings and increased win rate