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Intrum Q2 Adjusted EBIT Rises To SEK 1.56 Bln


Thursday, 18 Jul 2019 01:00am EDT 

July 18 (Reuters) - Intrum AB ::INTERIM REPORT APRIL-JUNE 2019.Q2 CONSOLIDATED NET REVENUES INCREASED TO SEK 3,784M (3,630)..Q2 ADJUSTED EBIT INCREASED TO SEK 1,561M (1,196)..Q2 PORTFOLIO INVESTMENTS AMOUNTED TO SEK 1,436M (2,385).RETURN ON PORTFOLIO INVESTMENTS INCREASED TO 15 PER CENT (14) IN Q2.Q2 NET PROFIT INCREASED TO SEK 879M (701), AND EARNINGS PER SHARE INCREASED TO SEK 6.26 (5.33).I AM PLEASED THAT WE ARE ABLE TO REPORT ANOTHER GOOD, SOLID SET OF QUARTERLY RESULTS, WITH ADJUSTED EBIT UP 31 PER CENT YEAR-ON-YEAR - CEO.WE ARE INITIATING AN EFFICIENCY IMPROVEMENT PROGRAMME, TARGETING A FURTHER EUR 60M IN BOTTOM LINE IMPACT IN 2020 - CEO. 

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232.4
-1.5 -0.64%
23 Aug 2019