Interim report January-September 2007
• Consolidated revenues for the third quarter 2007 amounted to SEK 792.5 M
(725.6), an increase of 9.2 percent. Organic growth was 10.6 percent.
• Operating earnings (EBIT) increased by 10.1 percent to SEK 172.6 M (156.7).
Operating earnings include write-ups and write-downs of purchased debt
portfolios of SEK -2.5 M, net (+10.2). Excluding revaluations, operating
earnings increased by 19.5 percent, corresponding to an operating margin of 22.0
percent (20.5).
• Net earnings for the third quarter increased by 11.3 percent to SEK 115.4 M
(103.7).
• Earnings per share before dilution amounted to SEK 1.46 (1.30) for the
quarter. For the first nine months earnings per share amounted to SEK 3.90
(3.24).
• Investments in Purchased Debt in the third quarter amounted to SEK 143.0 M
(271.9). The return on purchased debt was 17.1 percent (18.9). For the first
nine months the return on investments was 18.5 percent (15.7).
“Our achievements in the third quarter, with organic growth of 10.6 percent and
improved profitability, including a 1.5 percent increase in the operating
margin, excluding portfolio revaluations, provide further support for our
financial objectives. We have had a good influx of new clients, and in important
countries like Sweden and Finland efforts to boost sales from existing clients
are producing results. For the second consecutive quarter the Poland, Czech
Republic, Slovakia & Hungary region has significantly increased both revenues
and earnings. The measures in England have not yet had a full impact on
earnings, although we have succeeded in attracting new clients. Our
understanding of consumers' payment habits is of great importance to the Credit
Management service line, which is reporting good growth, at 7.3 percent.
Purchased Debt continues to develop well, with revenue growth of 35 percent and
a return of 17.1 percent. The strategic transformation of Intrum Justitia is
progressing according to plan.”
Michael Wolf, President & CEO, Intrum Justitia
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
