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Intrum Justitia AB (INTRUM.ST)

INTRUM.ST on Stockholm Stock Exchange

319.90SEK
15 Dec 2017
Change (% chg)

1.90kr (+0.60%)
Prev Close
318.00kr
Open
317.20kr
Day's High
322.10kr
Day's Low
313.00kr
Volume
355,406
Avg. Vol
449,865
52-wk High
360.20kr
52-wk Low
239.60kr

Latest Key Developments (Source: Significant Developments)

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

Intrum Justitia CEO: subsidiaries sale process is on schedule
Wednesday, 18 Oct 2017 01:46am EDT 

Oct 18 (Reuters) - Intrum Justitia Ab :Intrum justitia ceo says confident will divest by mid-december as planned its businesses that are up for sale.Intrum justitia ceo says market activity remains high so far in q4.Intrum justitia cfo says aims to make a number of acquisitions over the next 12 months, size in line with or slightly bigger than recently acquired dutch firm credit management services.  Full Article

Intrum Justitia Q3 operating profit beats expectations
Wednesday, 18 Oct 2017 01:00am EDT 

Oct 18 (Reuters) - Intrum Justitia Ab :q3 ‍operating earnings amounted to sek 977 m (506).‍q3 ‍operating earnings excluding non-recurring items and items affecting comparability amounted to sek 999 m​.Reuters poll: intrum q3 ebit was seen at 933 million sek, adjusted ebit seen at 991 million.consolidated net revenues for q3 of 2017 amounted to sek 2,986 m (1,433)​.‍investments in purchased debt rose by 42 percent in q3, pro forma​.says ‍we take a very positive view of opportunities for growth over coming years in our existing business and in new asset classes and markets​.says we are still seeing highly favorable activity in our markets, with a considerable supply of debt portfolios and opportunities for value-generating acquisitions.  Full Article

Intrum Justitia Q2 core profit just above forecasts
Tuesday, 25 Jul 2017 01:02am EDT 

July 25 (Reuters) - Intrum Justitia AB :Q2 pro forma net sales amounted to SEK 3,205 m (2,565)..Q2 operating earnings (ebit), excluding non-recurring items (NRIs), amounted to SEK 639 m (467).Q2 on a pro forma basis, EBIT, excluding NRIs, amounted to sek 1,059 m (941)..Says carrying amount of purchased debt, excluding lindorff's purchased debt, has increased by 45 percent compared with q2 of 2016.Says disbursements for investments in purchased debt during quarter amounted to SEK 835 m (545).Reuters poll: Q2 adjusted EBIT was seen at 1,029 million SEK.  Full Article

Mikael Ericson to become CEO of Lindorff and Intrum Justitia combination
Friday, 9 Jun 2017 01:00am EDT 

June 9 (Reuters) - Intrum Justitia AB :Says Mikael Ericson will be CEO of Lindorff and Intrum Justitia combination upon closing.Says Erik Forsberg, the current CFO of Intrum Justitia, will continue as the CFO of the combined company.Ericson assumed the role as CEO in Intrum Justitia in March 2016.Combination is currently pending competition clearance from the European Commission with an expected decision on June 12, 2017.Transaction is expected to close during the second quarter of 2017 as previously communicated .  Full Article

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

Debt collector Intrum's upbeat profit target lifts shares

STOCKHOLM, Dec 7 Sweden's Intrum Justitia , Europe's biggest debt collector, lifted its shares on Thursday by confirming a preliminary profit growth target for the group formed by its acquisition of Norwegian peer Lindorff.