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Intrum Justitia AB (IJ.ST)

IJ.ST on Stockholm Stock Exchange

24 May 2017
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10.70kr (+3.62%)
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Latest Key Developments (Source: Significant Developments)

Intrum Justitia proposes spin-offs to meet EU demands on Lindorff merger
Thursday, 18 May 2017 02:08am EDT 

May 18 (Reuters) - Intrum Justitia AB :Proposal of remedies to meet requirements of the EU merger regulation related to merger with Lindorff.Says parties have proposed a divestment of Lindorff's entire business in Denmark, Estonia, Finland and Sweden as well as Intrum Justitia's entire business in Norway.Says we expect a final decision from European Commission no later than June 12 2017.Says combined group would have pro-forma EBITDA, excluding impact of synergies and non-recurring items, of about SEK 5.0 billion for 2016, of which an estimated 12%-13% derives from five units proposed to be divested.  Full Article

Intrum Justitia Q1 EBIT higher than expectations
Tuesday, 25 Apr 2017 01:00am EDT 

April 25 (Reuters) - Intrum Justitia Ab :Q1 operating earnings (EBIT) amounted to SEK 480 m (428).Q1 investments in purchased debt amounted to SEK 2,377 m (738).Reuters poll: Intrum Justitia Q1 EBIT was seen at 460 million SEK.  Full Article

Intrum Justitia acquires Romanian company in 25 mln euro deal
Monday, 3 Apr 2017 02:00am EDT 

Intrum Justitia AB : Intrum Justitia strengthens its presence in Eastern Europe through acquisition in Romania . Has entered into an agreement to acquire Top Factoring, a company for purchased debt . Says purchase price on a cash and debt free basis (enterprise value) is about EUR 25 million, attributable mainly to a diversified portfolio of receivables .Says Top Factoring has about 210 employees.  Full Article

Intrum Justitia Q4 operating profit beats expectations
Thursday, 26 Jan 2017 01:00am EST 

Intrum Justitia Ab : Q4 operating earnings (ebit) amounted to sek 559 m (385) . Reuters poll: Q4 EBIT was seen at 448 mln SEK . EBIT includes revaluations of purchased debt portfolios amounting to -2 SEK M (-36) . EBIT also includes items affecting comparability with a positive impact of SEK 39 M relating to a positive effect of SEK 69 M from the sale of purchased debt portfolios . The quarter was further burdened by transaction costs of SEK 30 M related to the planned merger with Lindorff . investments in purchased debt during quarter amounted to sek 1,166 m (1,130) .Proposes a dividend of sek 9.00 (8.25) per share.  Full Article

Intrum Justitia Q2 EBIT rises to SEK 474 mln
Tuesday, 19 Jul 2016 01:00am EDT 

Intrum Justitia AB : Q2 operating earnings (EBIT) amounted to SEK 474 m (448). . Q2 investments in purchased debt during quarter amounted to SEK 550 m (509) . Reuters poll: intrum justitia q2 EBIT was seen at 452 million SEK . Says despite certain increased political turmoil in europe following "brexit", view of intrum justitia's future potential remains positive . Says market conditions are generally good, particularly in terms of ample supply of debt portfolios and acquisition opportunities in credit management .Says on July 18, in order to retain sufficient financial flexibility to take advantage of possible investment opportunities in business operations, the Board of Directors decided not to make any further repurchases during the third quarter of 2016.  Full Article

Intrum Justitia to borrow 160 million euro
Thursday, 2 Jun 2016 07:00am EDT 

Intrum Justitia Ab : Intrum Justitia secures 160 million euro in extended loan financing . Intrum Justitia and Svensk Exportkredit (SEK) have entered into a long term financing agreement whereby SEK will lend EUR 160 million through a private placement of bonds issued by Intrum Justitia . The bonds are senior, unsecured and extend over a period of seven years, maturing in June 2023 .The bonds have been issued at a floating rate of EURIBOR 3 months plus a market based interest rate margin.  Full Article

Intrum Justitia AB names Mikael Ericson as new CEO
Wednesday, 3 Feb 2016 06:25am EST 

Intrum Justitia AB:Says Mikael Ericson will be appointed new CEO and president.  Full Article

Intrum Justitia proposes 2015 dividend of SEK 8.25 per share
Wednesday, 27 Jan 2016 07:00pm EST 

Intrum Justitia AB:Proposes a dividend of 8.25 Swedish crowns per share for 2015, corresponding to a total of 597 million crowns.Paid dividend of 7.00 crowns for 2014.  Full Article

Intrum Justitia enlarges credit facility, takes SEK 13 mln charge in Q4
Wednesday, 23 Dec 2015 02:30am EST 

Intrum Justitia AB:Strengthens bank credit facility.Says ‍facility has been increased to 7.5 billion Swedish crowns, compared to previously 5 billion crowns.Says ‍utilization of facility amounted to 1.8 billion crowns as of Sept. 30, 2015​.Says ‍new credit facility implies that certain capitalized fees related to previous facility will be written off​.Says ‍will imply a charge of 13 million crowns to financial net for Q4 of 2015​.  Full Article

Intrum Justitia announces CEO change
Monday, 2 Nov 2015 03:55am EST 

Intrum Justitia AB:Change of CEO at Intrum Justitia.CFO Erik Forsberg appointed acting CEO.Board of Directors has decided to discharge CEO Lars Wollung over differing views on the future course for the company.Says Wollung will vacate his post immediately but will be at the company's disposal until November 2016.  Full Article

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