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YEAR-END REPORT 2012

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Fourth quarter 2012

    • Consolidated net revenues for the fourth quarter of 2012 amounted to SEK 1,052 M (1,042) with organic growth of 7 percent (4).
       
    • Operating earnings (EBIT) amounted to SEK 230 M (228). The operating earnings include revaluations of purchased debt portfolios amounting to a negative SEK 48 M (7) and non-recurring costs of SEK 17 M (8). Revaluations of purchased debt in Germany are included amounting to a negative SEK 52 M, while non-recurring costs of SEK 17 M involve the impairment of IT systems in Germany, as communicated previously.
       
    • The operating margin was 22 percent (22). Excluding revaluations of purchased debt portfolios, the operating margin was 25 percent (22).
       
    • Net earnings for the quarter amounted to SEK 176 M (163) and earnings per share were SEK 2.19 (2.04).
       
    • Disbursements for investments in purchased debt amounted to SEK 753 M (498).
       
    • Cash flow from operating activities amounted to SEK 614 M (575).

    Full-year 2012

    • Consolidated revenues during the 2012 full-year amounted to SEK 4,056 M (3,950) with organic growth of 6 percent (2).
       
    • Operating earnings (EBIT) amounted to SEK 879 M (868). The operating earnings include revaluations of purchased debt portfolios amounting to a negative SEK 83 M (19).
       
    • The operating margin was 22 percent (22). Excluding revaluations of purchased debt portfolios, the operating margin was 23 percent (22).
       
    • Net earnings for the full-year amounted to SEK 584 M (553) and earnings per share were SEK 7.32 (6.91).
       
    • Disbursements for investments in purchased debt amounted to SEK 2,014 M (1,804).
       
    • Cash flow from operating activities amounted to SEK 1,963 M (1,768).
       
    • The Board of Directors proposes a dividend of SEK 5.00 per share (4.50), totaling SEK 399 M.

    Presentation of the year-end report
     
    The year-end report and presentation material are available at www.intrum.com/Investor relations. President & CEO Lars Wollung and CFO Erik Forsberg will comment on the report at a video and teleconference today, starting at 9:00 a.m. CET.
     
    The presentation can be followed at www.intrum.com and/or www.financialhearings.com. To participate by phone, call +46 (0)8 505 564 87(SE) or +44 (0)20 336 453 71(UK).
     

    For further information, please contact:


    Lars Wollung, CEO & President
    Tel: 46 8 546 102 00

    Erik Forsberg, CFO
    Tel: 46 8 546 102 00

    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

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