Full-year report 2007
Fourth quarter 2007:
• Consolidated revenues amounted to SEK 888.0 M (797.5), an increase of 11.3
percent. Organic growth was 12.3 percent (6.7).
• Operating earnings (EBIT) increased by 4.4 percent to SEK 206.5 M (197.8).
Operating earnings, excluding net write-ups and write-downs of purchased debt
portfolios of SEK 1.8 M (-3.1) and nonrecurring items in the fourth quarter 2006
of SEK 14.4 M, increased by 9.8 percent. Excluding revaluations and nonrecurring
items in 2006, the operating margin was 23.1 percent (23.8).
• Net earnings for the fourth quarter increased by 4.0 percent to SEK 154.7 M
(148.7).
• Investments in Purchased debt, comprising actual payments during the quarter
with the addition of the previously announced Austrian portfolio which is not
yet paid for, amounted to SEK 611.1 M (389.9). The return on purchased debt was
21.0 percent (14.5).
Full-year 2007:
• Consolidated revenues for 2007 amounted to SEK 3,225.2 M (2,939.6), an
increase of 9.7 percent. Organic growth was 10.4 percent (4.3). Operating
earnings amounted to SEK 667.8 M (586.7) and the operating margin was 20.7
percent (20.0).
• Earnings per share before dilution amounted to SEK 5.86 (5.09) for the full
year.
• Investments in Purchased debt, comprising actual payments during the year with
the addition of the previously announced Austrian portfolio which is not yet
paid for, amounted to SEK 996.2 M (869.7). The return on purchased debt was 17.0
percent (14.4).
• The Board of Directors proposes a dividend of SEK 3.25 per share (2.75).
“We leave 2007 having met all our financial objectives. In addition, we have
taken a number of concrete steps, such as increased coordination within the
regions, a common datacenter and improved processes, which have strengthened
Intrum Justitia in its role as a professional credit management partner. In the
fourth quarter we were pleased to see organic growth of 12.3 percent and growth
in Credit Management of 8.2 percent. Through investments, Purchased Debt has
increased its carrying value as of the balance sheet date by 43 percent compared
with the previous year, in addition to generating a return on invested capital
of 21 percent for the fourth quarter. As a whole, this provides a solid
foundation for 2008. In late 2007 we had expenses related to restructuring and
strategic projects, however we are convinced there is still potential for good
expansion in margins.”
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 3.2 billion and around 3,000 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
