Presentation of Intrum's results for January-March 2021
Intrum announced its interim results for January-March 2021 on 29 April 2021 at 7:00 a.m. CET. The report was presented in an audio cast the same day.
Comment by President and CEO Anders Engdahl
“With the first quarter of 2021 behind us, it is pleasing to see clear signs of recovery in the markets we operate in. Whilst the pandemic trajectory for the quarter remained mixed, we see positive momentum across all our segments.
During the first quarter we recorded cash revenue growth of 6 per cent versus last year in constant currency, cash EBIT up 24 per cent year on year and RTM cash EPS amounted to SEK 30.16. The RTM return on invested capital was 8.2 per cent compared to 6.6 per cent last year.
I am very proud of the best-in-class ESG Risk Rating that Intrum was awarded by Sustainalytics during the quarter, based on our ability to demonstrate high standards across the ESG framework when leading the way to ethical and sustainable collections.
I am also pleased to note that the ONE Intrum transformation program is progressing well. As of March we are operating six markets from the two new front offices in Athens as well as Bucharest and one of the program’s core KPIs, case migration, is ahead of plan. We now also have the full unsecured portfolio data in one place.
Our view is that as the vaccination effort is progressing across Europe, we will see generally higher optimism and increased business activity. We observe a record pipeline as well as new contract signings and the expected strong momentum for the remainder of 2021 supports our long term sustainable organic growth ambition.”
Interview with President and CEO Anders Engdahl