STOCKHOLM, Sweden, Nov. 11, 2003 (PRIMEZONE) -- Intrum Justitia AB:
-- Consolidated revenues rose by 5% to SEK 2,121.9 M (2,024.1) in
the first nine months of 2003, with SEK 702.2 M (692.3) generated
in the third quarter.
-- Net earnings amounted to SEK -28.6 M (81.2) in the first nine
months. Net earnings for the third quarter were SEK -25.5 M (41.4).
Earnings for the first nine months include items affecting
comparability of SEK -259.0 M (-8.5).
-- Earnings per share for the first nine months were SEK -0.34
(1.35). Cash flow from operating activities during the same period
amounted to SEK 199.8 M (212.6).
-- The review of the English operations has substantially been
completed. The provisions needed to cover the accounting
inaccuracies in Intrum Justitia's English operations are estimated
at SEK 184 M. A detailed description of the review can be found
in a separate press release issued today.
-- Operating earnings, excluding England and related costs,
amounted to SEK 315.9 M, an increase of 32 percent for the first
nine months of 2003.
-- Organic revenue growth in the first nine months of 2003,
excluding the English operations, was nearly 10 percent.
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