Intrum Justitia adjusts cost allocation principle

Effective from 2012, Intrum Justitia will apply a new principle regarding the allocation of shared expenses between the Group’s two services lines, Credit Management and Financial Services. The results of the service lines have previously included an allocation of the majority of the Group’s shared expenses. According to the new principle, only expenses that can directly be attributed to one of the service lines will be included in that service line’s results, such as production expenses, IT expenses and sales expenses. Expenses of a more shared nature, mainly for marketing and administration, will not be allocated to the service lines, but will instead be reported as shared expenses.

“Our assessment is that this change will provide a more accurate view of the Group’s profitability based on its service lines. Operations within Credit Management and Financial Services are conducted uniformly in each region within the framework of our geographical organization, which means that results reported for the service lines including a lower share of allocated expenses are more relevant,” says Erik Forsberg, CFO at Intrum Justitia.

The change in principle does not affect the Group’s reporting of its total operating result or the reporting for the geographical regions, but only the reporting of results divided between Credit Management and Financial Services.

Intrum Justitia will today publish historical quarterly figures for 2011 and 2010 in which the operating results for Credit Management and Financial Services have been recalculated in accordance with the new principle. The figures will be available at www.intrum.com under the tab Investor Relations > Financial facts > New cost allocation.

For further information, please contact:

Erik Forsberg, CFO
Tel: 46 8 546 102 00

Annika Billberg, IR & Communications Director
Tel: 46 8 546 102 03
Mobile: 46 702 67 97 91
E-mail: a.billberg@intrum.com

Intrum Justitia is Europe’s leading Credit Management Services (CMS) group and offers services designed to measurably improve clients’ cash flows and long-term profitability. Intrum Justitia was founded in 1923, has around 3,100 employees in 22 countries and revenues of approximately SEK 3.8 billion in 2010. Intrum Justitia AB is listed on NASDAQ OMX Stockholm since 2002. For further information, please visit www.intrum.com