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Intrum AB (INTRUM.ST)

INTRUM.ST on Stockholm Stock Exchange

219.40SEK
18 Dec 2018
Change (% chg)

-4.10kr (-1.83%)
Prev Close
223.50kr
Open
222.60kr
Day's High
222.60kr
Day's Low
216.50kr
Volume
371,653
Avg. Vol
378,358
52-wk High
329.80kr
52-wk Low
196.35kr

Latest Key Developments (Source: Significant Developments)

Intesa says to close Intrum deal by early December
Tuesday, 6 Nov 2018 09:42am EST 

Nov 6 (Reuters) - Intesa Sanpaolo CEO Carlo Messina says::BANK CAN EASILY EXCEED SOURED LOAN REDUCTION TARGETS WITHOUT USING ANY EXCESS CAPITAL.TO CLOSE INTRUM DEAL BY EARLY DECEMBER.BANK WOULD STILL MEET MREL REQUIREMENT EVEN IF IT DECIDED NOT TO ROLL OVER ANY OF 18 BILLION EUROS IN BONDS EXPIRING IN 2019.  Full Article

Sampo Shareholding In Intrum At 5.2 Pct
Friday, 14 Sep 2018 05:14am EDT 

Sept 14 (Reuters) - Intrum AB ::FINANSINSPEKTIONEN REPORTED ON FRIDAY FINNISH SAMPO OYJ <<>> RAISED ITS HOLDING IN INTRUM TO 5.2 PCT.  Full Article

Intrum Issues A SEK 1 Bln Bond
Thursday, 28 Jun 2018 02:00am EDT 

June 28 (Reuters) - Intrum AB ::INTRUM SUCCESSFULLY ISSUES A TWO-YEAR, SEK 1 BILLION BOND.SENIOR UNSECURED FLOATING RATE NOTE AT STIBOR 3M +190 BASIS POINTS.THE PROCEEDS WILL BE USED FOR GENERAL CORPORATE PURPOSES.  Full Article

DoBank CEO says dividend policy to accelerate under new plan
Monday, 12 Feb 2018 09:00am EST 

Feb 12 (Reuters) - DoBank CEO tells analyst call::ACCELERATION OF DIVIDEND POLICY WILL BE DRIVER OF NEW BUSINESS PLAN.DOES NOT SEE POSSIBLE J-V BETWEEN INTESA AND INTRUM AS A THREAT BECAUSE INTESA'S 49 PERCENT STAKE WILL MAKE IT HARD FOR OTHER BANKS TO ENTRUST BAD LOAN MANAGEMENT TO IT.  Full Article

Intrum Justitia says Thomas Moss appointed acting CFO
Friday, 9 Feb 2018 05:00am EST 

Feb 9 (Reuters) - Intrum Justitia ::THOMAS MOSS APPOINTED ACTING CFO.SAYS ‍PROCESS OF RECRUITING A PERMANENT CFO FOR INTRUM GROUP IS ONGOING AND IS EXPECTED TO BE FINALISED LATER THIS SPRING​.  Full Article

Intrum says ‍board approved participation in management stock incentive program facilitated by Nordic Capital Fund VIII​
Monday, 18 Dec 2017 03:40pm EST 

Dec 18 (Reuters) - Intrum Justitia Ab ::‍MANAGEMENT INCENTIVE PROGRAM IN INTRUM AND UPCOMING CHANGE OF CFO​.‍BOARD RESOLVED TO APPROVE PARTICIPATION IN A MANAGEMENT STOCK INCENTIVE PROGRAM FACILITATED BY NORDIC CAPITAL FUND VIII​.‍PROGRAM ENTAILS THAT CEO WILL OWN SHARES VIA A LIMITED LIABILITY COMPANY WHERE NORDIC CAPITAL CONTRIBUTES MARKET-PRICED FUNDING​.‍CFO ERIK FORSBERG, WILL NOT PARTICIPATE IN INCENTIVE PROGRAM, SINCE HE HAS INFORMED OF HIS INTENTION TO LEAVE INTRUM DURING 2018​.‍TIMETABLE FOR FORSBERG'S DEPARTURE AS CFO WILL BE DECIDED SHORTLY​.‍FORSBERG HAS ACCEPTED TO REMAIN IN AN ADVISORY ROLE DURING 2018 TO ENSURE CONTINUITY​.  Full Article

Intrum Justitia well placed to deliver on new targets -CEO
Thursday, 7 Dec 2017 05:26am EST 

Dec 7 (Reuters) - Intrum Justitia AB CEO Mikael Ericson to Reuters::INTRUM JUSTITIA CEO SAYS COMPANY WELL POSITIONED TO DELIVER ON NEW FINANCIAL TARGETS.INTRUM JUSTITIA CEO SAYS SEES STRONG GROWTH IN MOST ITS MARKETS, PARTICULARLY FROM FINANCIAL SECTOR.INTRUM JUSTITIA CEO SAYS ACQUISITIONS REMAINS IMPORTANT PART OF BUSINESS, FOCUS PRIMARILY ON SMALLER ADD-ON ACQUISITIONS IN EXISTING MARKETS.  Full Article

Intrum sets new financial targets after Lindorff merger
Thursday, 7 Dec 2017 01:42am EST 

Dec 7 (Reuters) - Intrum Justitia Ab ::INTRUM PRESENTS 2020 STRATEGY, FINANCIAL TARGETS AND UPDATES ON RECENT CONTINUED STRONG BUSINESS DEVELOPMENT.SAYS ‍STRONG BUSINESS MOMENTUM IN Q4 TO DATE​.SAYS ‍INTEGRATION OF TWO COMPANIES IS WELL ON TRACK AND MERGER OF INTRUM JUSTITIA AND LINDORFF HAS SO FAR PROVEN TO BE VERY SUCCESSFUL​.SAYS ‍ALREADY BY END OF THIS YEAR, WE WILL HAVE REALIZED MORE THAN SEK 190 MILLION IN ANNUALIZED RUN-RATE COST SYNERGIES​.SAYS ‍SINCE END OF Q3 2017, INTRUM HAS SEEN CONTINUED STRONG BUSINESS DEVELOPMENT​.SAYS TARGETS ‍EPS GROWTH OF AT LEAST 75% IN 2020 VERSUS. 2016​.SAYS ‍TARGETS PORTFOLIO ROI OF AT LEAST 13% P.A​.SAYS ‍TARGETS NET DEBT/CASH EBITDA MULTIPLE OF BETWEEN 2.5 TO 3.5 TIMES​.SAYS ‍DIVIDEND POLICY TO DISTRIBUTE AT LEAST 50% OF NET EARNINGS P.A.​.  Full Article

Intrum says to buy Italy's CAF
Monday, 4 Dec 2017 01:04am EST 

Dec 4 (Reuters) - Intrum Justitia AB ::SAYS ‍HAS ENTERED INTO AN AGREEMENT TO ACQUIRE CAF S.P.A (CAF), THIRD LARGEST SERVICER OF NON-PERFORMING LOANS IN ITALY​.SAYS ‍IN ADDITION, INTRUM HAS ACQUIRED A LARGE, DIVERSIFIED DEBT PORTFOLIO SERVICED BY CAF​.SAYS ‍TOTAL PURCHASE PRICE ON A CASH AND DEBT FREE BASIS FOR CAF AND DEBT PORTFOLIO IS ABOUT EUR 200 MILLION​.  Full Article

Intrum sells business units to Lowell
Thursday, 2 Nov 2017 03:00am EDT 

Nov 2 (Reuters) - INTRUM JUSTITIA AB :INTRUM DIVESTS BUSINESS UNITS TO LOWELL FOR EUR 700 MILLION.SAYS ‍TRANSACTION IS EXPECTED TO BE COMPLETED IN FIRST HALF OF 2018 AND IS CURRENTLY NOT EXPECTED TO RESULT IN ANY SIGNIFICANT PROFIT AND LOSS IMPACT​.SAYS ‍DIVESTMENT WILL BE SUBJECT TO APPROVAL OF LOWELL AS PURCHASER BY EUROPEAN COMMISSION, AS WELL AS CUSTOMARY COMPETITION AND REGULATORY APPROVALS​.  Full Article

UPDATE 1-Intrum buys Sabadell's real estate servicer to boost Spain presence

Dec 14 Sweden's Intrum said on Friday it will buy Banco Sabadell's real estate servicer Solvia for an enterprise value of about 300 million euros ($340.62 million), aimed at strengthening its position in the Spanish market.