Presentation of Intrum’s results for April-June 2019
Intrum announced its interim results for April-June 2019 on 18 July 2019 at 7:00 a.m. CET. The report was presented in a live audio cast at 9:00 a.m. CET the same day.
Comment by President and CEO Mikael Ericson
“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. We note a clear improvement in margins in our credit management service line (CMS) and have delivered a stable ROI of 15 per cent within portfolio investments. This resulted in an EPS of SEK 6.26 and continues the progress required to achieve our 2020 targets.”
“During the quarter, we also strengthened our footprint in Southern Europe through the establishment of a strategic partnership with Piraeus Bank in Greece. This means that we’re taking the final step in securing our leading position in all major European markets.”
“As part of our efforts to further increase operational efficiency, we are initiating an efficiency improvement programme, targeting a further EUR 60M in bottom line impact in 2020. The programme will include activities such as fully integrating our acquisition of Solvia into our existing Spanish operations and carefully prioritising key projects within areas such as IT to ensure we benefit from the size and scale of our organisation. This will lay the foundations for an even more competitive and efficient Intrum beyond 2020.”
President & CEO Mikael Ericson interviewed about the Q2 results by Anna Fall, Chief Brand & Communications Officer