Intrum Justitia presents new financial objectives
Intrum Justitia is today, Tuesday May 22, hosting a Capital Markets Day in Helsinki, Finland. Around 40 analysts, investors and journalists are attending the conference.
”Intrum Justitia growth strategy is centred on strengthening its clients’ competitiveness through the provision of full-service solutions across the entire credit chain. The Group’s extensive experience and high-quality databases, with an accurate and up-to-date information, is the foundation on which more and extensive services are to be offered to strengthen the relationships with clients and their customers. The goal is to develop existing clients and address the non-outsourced market”, said Michael Wolf, President and CEO.
Against this backdrop the board of Intrum Justitia has revised and clarified the Group’s financial objectives. Intrum Justitia will:
- achieve organic growth of 10 percent per year and generate pre-tax earnings which are at least in line with the annual organic growth
- actively seek out opportunities to grow through selective acquisitions;
- achieve an annual return on investments in Purchased Debt of at least 15 percent, and;
- Maintain a net debt/equity ratio (interest-bearing net debt as a percentage of shareholders’ equity and minority interests) that does not exceed 150 percent over the long term.
Previously the financial objectives were:
- To achieve average organic growth of at least 10 percent per year over a business cycle. Moreover, Intrum Justitia actively seeks opportunities to grow through selective acquisitions.
- To maintain a net debt/equity ratio (interest-bearing net debt as a percentage of shareholders’ equity and minority interest) that does not exceed 100 percent over the long term.
Presentation material from the Capital Markets Day is available on the web site: www.intrum.com/investors