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  • Kristin Andersson

    Global External Communications Director


    Riddargatan 10 114 35 STOCKHOLM SWEDEN
    +46 70 585 78 18
    http://www.intrum.com
  • Anna Fall

    Chief Brand & Communications Officer


    Riddargatan 10 114 35 STOCKHOLM SWEDEN
    http://www.intrum.com

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    Presentation of Intrum’s results for January-March 2024

    Intrum announces its interim results for January-March 2024 on 24 April at 7:00 a.m. CET. The report will be presented in an audiocast with teleconference at 9:00 a.m. CET the same day.Andrés Rubio, President & CEO and Emil Folkesson, interim CFO & Investor Relations Director, will present the results and answer questions. The conference will be held in English.If you wish to participate via webcast, please use this link . Via the webcast you are able to ask written questions.If you wish to participate via teleconference, please

    Intrum invites investors and analysts to an update call Monday 25 March at 15:00

    Andrés Rubio, President & CEO and Emil Folkesson, interim CFO, will host a update call on Monday 25 March at 15:00 CET. The conference will be held in English.If you wish to participate via webcast, please use this link.  Via the webcast you are able to ask written questions.If you wish to participate via teleconference, please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. There will only be an opportunity to ask questions in written.To

    Intrum appoints advisors to evaluate improvements of its debt capital structure

    Intrum AB has appointed Houlihan Lokey and Milbank as advisors to assist in an evaluation of alternatives to strengthen the company’s financial profile through directly addressing its debt structure.The appointments follow Intrum’s previously communicated intention to prioritise initiatives to strengthen its financial profile.As communicated in the Q4 report, the strong performance of Intrum’s underlying business continues, demonstrated by a continued growth of the Servicing business in Q4, with an all-time high volume of new contracts and several client wins. Intrum’s confidence in the

    Intrum to repurchase EUR 68.8 million of issued senior notes as a further step to strengthen financial profile

    Intrum AB announces the outcome of the tender offers to the holders of certain senior notes issued by the company. Following the offers, Intrum will repurchase senior notes at an amount 75 percent of nominal value, corresponding to EUR 51.3 million. The repurchase follows Intrum’s previously communicated ambition to strengthen its financial profile.NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND

    Intrum announces SEK 11.5 billion asset sale to Cerberus, raising liquidity and progressing toward capital-light business model

    Intrum AB (publ) has agreed to sell a material portion of its investment portfolio to affiliates of Cerberus Capital Management L.P. (“Cerberus”) for approximately 98 percent of book value as per economic transfer date, 30 September 2023. Intrum will retain a 35 percent ownership stake in the purchasing entity (the “Investor”) owning these assets and has entered into a minimum of 5-year exclusive agreement to retain the servicing of the full portfolio. Intrum’s expected net proceeds at closing, of SEK 8.2 billion, will be used in full to reduce debt.Highlights of the transaction ·

    Presentation of Intrum’s results for October-December 2023

    Intrum announces its interim results for October-December 2023 on 25 January at 7:00 a.m. CET. The report will be presented in a webcast with teleconference at 9.00 a.m. CET the same day.Andrés Rubio, President & CEO and Anders Blomqvist, interim CFO, will present the results and answer questions. The conference will be held in English.If you wish to participate via webcast, please use this link . Via the webcast you are able to ask written questions.If you wish to participate via teleconference, please register on the link below. After

    Chief Financial Officer Michael Ladurner to leave Intrum

    Intrum AB (publ) has come to an agreement with Michael Ladurner, Chief Financial Officer (CFO), regarding his departure from the company.Anders Blomqvist has been appointed interim CFO with immediate effect, and Michael Ladurner will support the organisation to ensure a smooth CFO handover through the first quarter of 2024.“Michael has played an important role for Intrum during the last seven years. Joining as an investment professional, Michael was internally recruited to the CFO position 2021, with the mission to establish a solid financial structure and governance processes. Given the

    Millions to lose sight of spending as monthly subscriptions and payment deferrals pile pressure on household finances

    · Almost half (45%) of European consumers are caught out by the build-up of monthly subscription costs · Generation gap means over half (52%) of millennials and 53% of Gen Z struggle to keep track of subscription spending, compared with 34% of Baby boomers · 30% of consumers are planning to increase their use of buy-now-pay-later products · Three in four (76%) are just breaking even or are over-spending each month, with the average over-spender exceeding their budget by EUR 232 · One in five consumers have no ‘cash buffer’ to fall back on in the event of difficultiesMillions of

    Presentation of Intrum’s results for July-September 2023

    Intrum announces its interim results for July-September 2023 on 25 October at 7:00 a.m. CET. The report will be presented in an audiocast with teleconference at 9:00 a.m. CET the same day.At the audiocast, Intrum will be represented by Andrés Rubio, President & CEO and Michael Ladurner, CFO. The presentation will be held in English.To participate via audiocast, please use this link . Via the audiocast you will be able to ask written questions.To participate via teleconference, please register here. 

    Three quarters of consumers admit to breaking even or overspending each month

    · 35% of consumers have skipped at least one bill in the last 12 months, with one in three feeling less guilt for dodging their payment due date than in the past · Three in four (76%) are just breaking even or are over-spending each month, with the average over-spender exceeding their budget by €232 · One in five consumers have no ‘cash buffer’ to fall back on in the event of difficulties · 71% say ‘greedflation’ would stop them spending money with a businessThree quarters (76%) of consumers are only just breaking even or overspending each month, according to the upcoming annual

    Nomination Committee in Intrum

    At Intrum AB's Annual General Meeting on 27 April 2023, it was resolved that the Chairman of the Board of Directors should form a Nomination Committee by convening representatives for the largest shareholders of the company, based on the number of votes known to be held at the end of August.Following contacts with the company's shareholders, the following members have been appointed: · Robert Furuhjelm, appointed by Cidron 1748 Sarl / Nordic Capital · Patricia Hedelius, appointed by AMF and AMF Fonder · Pia Gisgård, appointed by Swedbank Robur Fonder · Helen Fasth Gillstedt,

    Moody’s changes Intrum’s credit rating

    Moody’s Investors Service (“Moody’s”) has today announced its downgrading of Intrum AB’s credit rating (corporate family rating) from Ba3 to B1, with a stable outlook.De-leveraging and de-risking of the balance sheet is Intrum’s key priority as highlighted during the recent Capital Markets Day. Intrum’s discretionary cash generation remains strong with any upcoming debt maturities until the end of 2025 fully covered by organic cash flow generation as well proceeds from market exits and portfolio sales currently being executed. “We have a well-balanced and highly diversified business,

    Intrum’s Capital Markets Day 2023 - Operational excellence, client focus, and capital light

    At its Capital Markets Day this afternoon, Intrum, the market leader in Credit Management Services in Europe, will present the company’s strategy and updated financial targets.In light of the fast-changing and challenging economic environment, the function of the credit management services industry is as important as ever. As the European market leader, Intrum stands at the forefront of this development, in a strong position to support clients and consumers impacted by soaring financial pressure. Securing a well-functioning financial ecosystem is imperative for the prosperity of the wider

    “Don’t do as I do” – a third of European businesses practice late payment hypocrisy

    · More than a third (37 per cent) of European businesses admit to increasingly paying their suppliers later than they would accept from their own clients and customers · Half (54 per cent) would like to pay their suppliers faster, but don’t believe this is feasible in the current economic climate · Reducing late payments would enable greater investment in product and expansion of services, according to 62 per cent of European businessesMore than a third (37 per cent) of European businesses are increasingly paying their suppliers later than they would ever accept from their own clients

    Intrum exits the Baltics and Romania

    Intrum AB continues to execute on its strategic priorities, reducing its geographical footprint by exiting operations in the Baltics and Romania.Consistent with Intrum’s previously communicated strategic priorities, to Simplify and Focus its geographical footprint, the company is exiting its operations in the Baltics and Romania. This follows the previously announced exit from Brazil, reducing the Company's total number of jurisdictions from 25 to 20. The servicing platforms and investment portfolios of Intrum Baltics are being acquired by Aktiva Finance Group, the leading player in

    Presentation of Intrum’s results for April-June 2023

    Intrum announces its interim results for April-June 2023 on 20 July at 7:00 a.m. CET. The report will be presented in an audiocast with teleconference at 9:00 a.m. CET the same day.At the audiocast, Intrum will be represented by Andrés Rubio, President & CEO and Michael Ladurner, CFO. The presentation will be held in English.To participate via audiocast, please use this link . Via the audiocast you will be able to ask written questions.To participate via teleconference, please register here 

    Invitation to Intrum’s Capital Markets Day 2023

    Intrum is delighted to invite institutions, investors, analysts and financial media to our Capital Markets Day on 13 September, 2023.Senior management will give an update on Intrum’s strategic priorities for the coming years based on the key themes of “Simplify & Focus” and “Grow & Transform”. The agenda will include information on current and planned initiatives and focus areas, expected financial and leverage trajectory, associated targets as well as Intrum’s important contribution to a well-functioning financial ecosystem. The Capital Markets Day will be held at GT 30, Grev Turegatan

    Intrum executes on strategic plan: Completes acquisition of UK servicing platforms from Arrow Global, wins CaixaBank real estate servicing contract in Spain and exits Brazil

    Intrum AB successfully completes the acquisition of the Capquest and Mars UK servicing platforms from Arrow Global Group and 50 per cent of Arrow’s UK unsecured consumer back book. The transaction is an important milestone in line with the ambition to become the leading servicer in UK. In addition, Intrum wins a tender for CaixaBank’s real estate services contract in Spain, while in parallel, executes the exit of its operations in Brazil.The acquisition from Arrow Global consists of the two consumer loan servicing platforms, allowing Intrum to gain outsourcing contracts with several tier 1

    1 in 2 European businesses abandon growth as high inflation begins to bite

    · Over half (51 per cent) of businesses see inflation restricting their ability to grow and seize new opportunities · Six in 10 say that high inflation (59 per cent) and rising interest rates (57 per cent) will hit revenues and impact customers’ ability to paying on time and in full · Almost nine in 10 (85 per cent) of employees have already asked or are expected to ask for a pay rise in the next 12 monthsMore than half (53 per cent) of businesses across Europe have shifted their focus away from growth and towards cost cutting, in response to rising inflation and interest rates,

    Chasing late payments costs European businesses €275bn a year and takes the average firm 74 days to resolve

    · Businesses spend 29 per cent of the working year chasing late payments, equivalent to 74 days · Annual cost to the European economy exceeds the entire GDP of Finland · On average each business is spending €9,194 per year chasing late payments · Four in 10 European businesses are spending 10+ hours per week chasing late paymentsBusinesses across Europe are spending more than 74 days per year – more than a quarter of the working year* – chasing late payments, according to the annual European Payment Report from credit management services provider Intrum.The 26[th] edition of

    Presentation of Intrum’s results for January-March 2023

    Intrum announces its interim results for January-March 2023 on 27 April at 7:00 a.m. CET. The report will be presented in an audiocast with teleconference at 9.00 a.m. CET the same day.At the audiocast, Intrum will be represented by Andrés Rubio, President & CEO, and Michael Ladurner, CFO. The presentation will be held in English. To participate via audiocast, please use this link . Via the audiocast you will be able to ask written questions. To participate via teleconference, please register here 

    The financial equality gender gap: women are less equipped to weather economic storms

    Women report a lower financial wellbeing than men and are less confident about their financial literacy. Ahead of the International Women’s Day on 8 March, Intrum’s European Consumer Payment Report points to an increasing gender gap in financial equality among European consumers.Consumers across Europe are battering the impact of high inflation and rapidly increasing interest rates. And the cost-of-living crunch is adding extra pressure on women. Intrum’s latest European Consumer Payment Report, a survey of 24,000 consumers across Europe, shows that women report a lower financial wellbeing

    Andrés Rubio appointed President and CEO of Intrum

    The Board of Directors of Intrum AB (publ) (“Intrum”) has appointed Andrés Rubio President and CEO of Intrum.“I am very pleased to announce that Andrés Rubio has been appointed President and CEO of Intrum. With Andrés, who has been acting President and CEO since August 2022, Intrum gets a diligent and strong leader with both the capacity and the drive to complete the transformation of Intrum at all levels of the company. The Board has conducted a thorough recruitment process, assessing internal as well as external candidates for the role and Andrés Rubio, has proven to be the strongest

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