Intrum Justitia presents new financial objectives
Intrum Justitia is today, Tuesday May 22, hosting a Capital Markets Day in
Helsinki, Finland. Around 40 analysts, investors and journalists are attending
the conference.
”Intrum Justitia growth strategy is centred on strengthening its clients'
competitiveness through the provision of full-service solutions across the
entire credit chain. The Group's extensive experience and high-quality
databases, with an accurate and up-to-date information, is the foundation on
which more and extensive services are to be offered to strengthen the
relationships with clients and their customers. The goal is to develop existing
clients and address the non-outsourced market”, said Michael Wolf, President and
CEO.
Against this backdrop the board of Intrum Justitia has revised and clarified the
Group's financial objectives. Intrum Justitia will:
- achieve organic growth of 10 percent per year and generate pre-tax earnings
which are at least in line with the annual organic growth
- actively seek out opportunities to grow through selective acquisitions;
- achieve an annual return on investments in Purchased Debt of at least 15
percent, and;
- Maintain a net debt/equity ratio (interest-bearing net debt as a percentage
of shareholders' equity and minority interests) that does not exceed 150 percent
over the long term.
Previously the financial objectives were:
- To achieve average organic growth of at least 10 percent per year over a
business cycle. Moreover, Intrum Justitia actively seeks opportunities to grow
through selective acquisitions.
- To maintain a net debt/equity ratio (interest-bearing net debt as a percentage
of shareholders' equity and minority interest) that does not exceed 100 percent
over the long term.
Presentation material from the Capital Markets Day is available on the web site:
www.intrum.com/investors
For more information, please contact:
Michael Wolf, President and CEO
Tel: +46 8 546 10 200
Anders Antonsson, Director of Communications
Tel: +46 8 546 10 206, 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 22
countries. Intrum Justitia strives to measurably improve its clients' cash flows
and long-term profitability by offering high quality in relationships with both
clients 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 Nordic Exchange, Mid Cap list. For more
information, please visit www.intrum.com
