Intrum Justitia hereby announce the following related to its Q2-2017 interim report:
- The report will be published on July 25 at 7 AM CET, one week later than previously planned. The delayed reporting is a result of the merger with Lindorff occuring very late in June, requiring a slightly extended financial reporting process. Dial--in details for the audiocast will be provided on July 14.
- As a consequence of the merger occuring close to June 30, the reported profit and loss will consist of Intrum Justita’s financials without contributions from Lindorff units. In order to provide investors with a more complete overview of the combined company, the report will include a separate section with proforma financials for the merged group.
- For the profit and loss for the reported and the proforma financials, the units to be divested as a result of the the ruling by the EU Competition Authorities will be disclosed as ‘Profit from discontinued operations, net of tax’. For the reported profit and loss, this means that Intrum Justitia Norway will be reported in this way. For the proforma profit and loss, this means that Intrum Justitia Norway and the Lindorff units in Sweden, Denmark, Finland and Estonia will be reported in this way. Additionally, in the balance sheet for the reported and proforma financials, the divested units’ assets and liabilities will be be disclosed as ‘non-current assets/liabilities of disposal group held for sale’.
- Intrum Justitia will publish historic quarterly pro forma comparison financials for all quarters during 2016 as well as for Q1-2017 no later than the week of July 17 2017, to provide investors and analysts further insight into the historic proforma development of the combined group. For this historic proforma reporting, units to be divested will be treated in line with the disclosure as set out above.
This information was submitted for publication, through the agency of the contact person set out below, at 12.30 CET on July 5 2017.
For further information, please contact:
Erik Forsberg, CFO
Tel: + 46 8 546 102 02