Interim report January-June 2007
• Consolidated revenues for the second quarter 2007 amounted to SEK 786.9 M
(707.2), an increase of 11.3 percent. Organic growth was 11.7 percent.
• Operating earnings (EBIT) increased by 32.1 percent to SEK 147.7 M (111.8).
The operating margin expanded to 18.8 percent (15.8). Operating earnings include
write-ups and write-downs of purchased debt portfolios of SEK +2.0 M, net (0.0).
• Net earnings for the second quarter increased by 26.3 percent to SEK 93.7 M
(74.2).
• Earnings per share before dilution amounted to SEK 1.19 (0.94) for the
quarter. For the first half year earnings per share amounted to SEK 2.43 (1.94).
• Investments in Purchased Debt in the second quarter amounted to SEK 125.2 M
(69.5).
Return on purchased debt amounted to 18.8 percent (14.5).
Michael Wolf, President and CEO: “At this year's Capital Markets Day we
presented the details of our strategy work and our new financial objectives. Our
strategy is based on a time frame of 3-4 years, but we are pleased to already
this quarter have achieved organic growth of 11.7 percent and profitability in
line with these objectives. A large part of the Group has contributed to this,
notably Sweden. Higher growth in the Credit Management service line of 6.2
percent is also greatly important. The increase in our operating margin was
achieved through revenue growth, and an improved situation in previously
underperforming countries, in addition to the fact that our newer operations are
improving their levels. The Purchased Debt service line continues to deliver
strong, stable earnings, which we see as a sign of the quality of our
operational management and ability to spread risk across 23 countries.”
For further information, please contact:
Anders Antonsson, Director of Communications
Tel: +46 8 546 102 06. Mobile: +46 703 367 818
E-mail: a.antonsson@intrum.com
Intrum Justitia is Europe's leading Credit Management Services (CMS) group, with
revenues of approximately SEK 2.9 billion and around 2,900 employees in 24
markets. Intrum Justitia strives to measurably improve its customers' cash flows
and long-term profitability by offering high quality in relationships with both
customers and debtors in each local market. The group offers a wide range of
services to manage commercial and consumer receivables. Intrum Justitia AB
(ticker IJ) is listed on the OMX Nordic Exchange in Stockholm, Mid Cap list. For
more information, please visit www.intrum.com
