Intrum AB – Interim results January-March 2024
· First quarter seasonally slow - in line with expectations and continued high commercial activity · Adjusted Income and adjusted EBIT both up 8 percent vs. Q1 ’23, driven by M&A in Servicing, specifically in Middle and Southern Europe · Leverage ratio flat at 4.4x, including 0.1x unfavourable FX movement · Progressed on several strategic initiatives including: (i) Ophelos operational in the Netherlands, (ii) realised savings of SEK ~500 M in Q1 ’24 (out of the SEK 800 M implemented in 2023), and implementing measures to save an additional SEK ~700 M in 2024 and 2025 and (iii) debt