Presentation of Intrum’s results for January-December 2018
Intrum announced its year-end results for 2018 on 30 January 2019 at 7:00 a.m. CET. The report was presented at GT30, Grev Turegatan 30 in Stockholm, in a live webcast at 9:00 a.m. CET the same day.
Comment by President & CEO Mikael Ericson
“We deliver a strong conclusion to a solid year, in accordance with our strategy and our ambitious goals. In the final quarter adjusted operating profit (EBIT) increased by 23 per cent. Together with the solid results from the first nine months of the year, this gives us an impressive platform for 2019, during which we will increase the pace towards our targets for 2020” said Mikael Ericson, President and CEO of Intrum.
“In 2019, we will have a strong focus on centralisation, standardisation and cost efficiency in our collection activities. We expect to normalize our rate of investment during the year and extract significant value from the large investments we have made in 2018. At the same time, we see an active market with stable returns across Europe where our size and strong cash flow gives us flexibility to invest, when the opportunity is right, and continue to grow”, added Ericson.
The Board of Directors of Intrum AB proposes that the Annual General Meeting distribute a dividend to the shareholders of SEK 9.50 per share (9.50), corresponding to a total of SEK 1,250 M (1250).
President & CEO Mikael Ericson interviewed by Louise Bergström, Head of Investor Relations, about the year-end results for 2018.