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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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    European businesses are preparing for a historic recession

    Intrum is today publishing the full European Payment Report*, following the summer’s special whitepaper edition on the negative financial disruption mostly caused by the Covid-19 pandemic. The results show shaken European economies and business operations that are brought to a halt in many sectors.Almost six in ten respondents say a Pan-European recession is a top three challenge when it comes to consumers paying on time over the next twelve months. - Businesses are now taking necessary steps to prepare for a recession caused by the pandemic. Decreased revenues have reduced businesses’

    Interim Report January-June 2020

    · Faster recovery than expected and tight cost control · Stable earnings and strong cash flow · Positive development in Strategic MarketsSecond quarter, January-June 2020: · Consolidated net revenues amounted to SEK 3,885M (3,784).  · EBIT amounted to SEK 1,348M (1,475). Items affecting comparability totalled SEK 3M (-86). · Cash flow from operating activities was strong and increased by 53 per cent to SEK 2,899M (1,897). Cash EBITDA amounted to SEK 2,709M (2,670), corresponding to 1 per cent year-on-year increase. · The leverage ratio fell to 4.4x (4.5) end of

    Intrum to report stronger second quarter results than anticipated

    Intrum’s preliminary second quarter results are expected to be substantially above the outlook which was provided in conjunction with the Q1 report in early May. Preliminary EBIT adjusted for Q2 is SEK 1,345M compared to the Q1 SEK 1,095M outlook level.“During the second half of the quarter we experienced a relatively fast return towards normality across the 24 European markets we operate in, and this has enabled the stronger development of our operations and collections above our previous internal expectations. In addition, strict cost control has allowed us to mitigate the impact from the

    Presentation of Intrum’s results for January-June 2020

    Intrum announces its interim results for January-June 2020 on 23 July, 2020 at 7:00 a.m. CET. The report will be presented in a audio cast with telephone conference at 9:00 a.m. CET the same day.Mikael Ericson, President & CEO, and Anders Engdahl, CFO, will present the results and answer questions. The conference will be held in English.To listen in to the conference live, please dial:+46 8 505 583 51 (SE)+44 33 3300 9030 (UK)+1 646 722 4904 (US)Link to live webcast The link to the live webcast is also available on www.

    The Covid-19 crisis is affecting the European payments landscape - businesses facing unparalleled uncertainty

    Intrum is today publishing a white paper* that confirms the negative financial impact of the Covid-19 crisis on the business outlook, the effects on the payment landscape, and financial behaviour. The survey was conducted among financial executives and business leaders in 9,980 companies across 29 European countries.Sharp drops in GDP across Europe are now pushing down revenues for businesses, restricting cash flow while increasing pressure on businesses to manage their cash and liquidity more efficiently. “Safeguarding a steady cash flow through timely payment is more important than

    Covid-19 has resulted in a decline in financial wellbeing - rising bills and debt are increasing concerns

    Today, Intrum publishes a whitepaper that outlines the financial impact of Covid-19 on private households across 24 European countries. The whitepaper provides an initial follow-up on the trends in increased economic pressure and decreased financial wellbeing reported in Intrum’s European Consumer Payment Report 2019*.The key findings from the whitepaper display additional financial challenges faced by private households in Europe. As expected, a general increase in financial stress is reported. However, one in three respondents say that the pandemic is having a positive effect on their

    Report from Intrum’s Annual General Meeting 2020

    Submission and adoption of accounts The annual general meeting noted that the annual accounts and the auditor’s report, and consolidated accounts and auditor’s report on the consolidated accounts for the financial year 2019 had been duly submitted, and adopted the profit and loss statement and balance sheet and consolidated profit and loss statement and consolidated balance sheet. Appropriation of profit The annual general meeting adopted the board’s proposal for a dividend of SEK 11.00 per share, with the remaining balance carried forward. The record day for the dividend is Friday

    Interim Report January-March 2020

    · A solid position in an uncertain world · Strategic Markets affected by Covid-19 · Strong cash flow and liquidity position · Results affected by portfolio revaluationsFirst quarter, January-March 2020: ·Consolidated net revenues decreased to SEK 3,333M (3,752). ·Adjusted EBIT decreased to SEK 1,095M (1,350). Items affecting comparability include SEK -636M (+16) in portfolio revaluations. ·Cash flow from operating activities increased to SEK 2,267M (1,352) and available liquidity by the end of the period was SEK 13.5 billion. ·Net debt / cash EBITDA

    Presentation of Intrum’s results for January-March 2020

    Intrum announces its interim results for January-March 2020 on 6 May 2020 at 7:00 a.m. CET. The report will be presented in a live audio cast with telephone conference at 9:00 a.m. CET the same day.Mikael Ericson, President & CEO, and Anders Engdahl, CFO, will present the results and answer questions. The conference will be held in English.To listen in to the conference live, please dial:+46 8 505 583 57 (SE)+44 33 3300 9267 (UK)+1 646 722 4902 (US)Link to live webcast The link to the live webcast is also available on www.

    Update on the impact of Covid-19 on Intrum’s business

    Against the background of the spread of Covid-19 and the current global situation, Intrum would like to provide an update.Intrum’s business operationsIntrum is present in 24 markets in Europe, and the effects of Covid-19 vary from market to market. To date, countries in southern Europe have been hardest hit by the ongoing virus outbreak, which has affected all aspects of society. Intrum’s Strategic Markets business line is experiencing delays in cash flows due to general restrictions brought in across countries and reduced activity in legal systems in particular. The secured assets

    Background to Intrum initiating share buy-backs

    In light of current global events, Intrum has decided to reduce its level of investments and increase the rate of return required for new investments to safeguard the deleveraging target. We are also reviewing ongoing M&A projects. Repurchase of shares is currently considered an attractive investment which is made possible by Intrum’s strong financial position.Given the spread of COVID-19 and prevailing global uncertainty, Intrum has already taken comprehensive measures to ensure that we are able to conduct business as usual, as far as practically possible, especially in Italy which has

    Intrum launches buyback program

    On March 13 2020, the Board of Directors of Intrum AB (publ) resolved to initiate a share buyback program. The purpose of the program is to reduce Intrum’s share capital through cancellation of the shares that are repurchased. Through the program, Intrum will return further funds to shareholders and it is the Board of Directors' assessment that this will give the company a more optimal capital structure.Intrum’s Annual General Meeting on 26 April 2019 authorized the Board of Directors to resolve on buybacks of own share. The Board of Directors is now utilizing this authorization to launch a

    Presentation of Intrum’s results for January-December 2019

    Intrum announces its interim results for January-December 2019 on 5 February 2020 at 7:00 a.m. CET. The report will be presented in a live webcast at 9:00 a.m. CET the same day.Mikael Ericson, President & CEO, and Anders Engdahl, CFO, will present the results and answer questions. The conference will be held in English. To listen in to the conference live, please dial: +46 8 505 583 51 (SE)+44 33 3300 9261 (UK)+1 833 526 8396 (US) Link to live webcast  The link to the live webcast is also available on www.intrum.com. For

    Intrum simplifies organisational structure to further drive efficiency

    To achieve increased efficiency and competitiveness, Intrum is to implement a new, simplified organisational structure with the creation of a new business line, Strategic Markets, and the removal of the four geographical regionsIntrum has grown substantially in recent years, especially in southern Europe. To reflect this, a third business line will be created consisting of Intrum’s key southern European markets in parallel with the existing “Credit Management Services” and “Portfolio Investments”. The three business lines going forward are:•    Credit Management Services (CMS)•

    Intrum and Piraeus Bank close transaction and create leading credit management services platform in Greece

    Following customary regulatory approvals, Intrum and Piraeus Bank have closed the transaction, first announced in June, that creates a leading management services platform in Greece. The transaction is a long-term strategic partnership, with Piraeus Bank owning 20 per cent of the shares in the new company.Under the terms of the transaction, Intrum has acquired Piraeus Bank's platform for servicing non-performing loans and consolidated it into a newly established company, which will be named Intrum Hellas. Intrum owns 80 per cent of the shares in Intrum Hellas, with Piraeus Bank owning the

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