Intrum Justitia's Capital Markets Day
Intrum Justitia is today hosting a Capital Markets Day in London
During this day a strategic and financial update of the Group across its
European operations will be given, together with a macro overview of the Credit
Management Services (CMS) market, and include in-depth presentations of the
status of the UK operations and on the acquisitions in France in late 2008. A
close look will be taken at the Purchased Debt market and Intrum Justitia's
strategy for Purchased Debt operations in the present economic cycle.
Long term financial objectives will be reiterated and the April-May trends will
be commented on briefly along the following main highlights.
• The financial development in April-May is broadly in line with earlier trends.
o Service line Purchased Debt is performing well; gross collection exceeds
actual forecasts and return on investments exceeds the financial target of 15
percent annually.
o The CMS business is affected by legal outlays. The trend with y-o-y declining
margin in Q1 2009 is continuing in April/May.
• UK and Ireland: A consultation period has been announced in Ireland,
potentially affecting 30 percent of staff. Divestment of Stirling Park was
completed on June 10. The English operations are subject to a consultation
period since the end of May.
The Capital Markets Day takes place at the City Presentation Centre, 4 Chiswell
Street Finsbury, between 13:00 and 16:00 UK time. Please visit www.intrum.com
for full program and to access Live and on demand web casts of presentations
given by Lars Wollung, CEO and President, and Monika Elling, CFO, at 13:00 and
15:15 UK time respectively.
For further information, please contact:
Sophie Hammarskjöld, Chief Communications Officer
Tel: +46 8 546 102 03. Mobile: +46 76 768 52 63
E-mail: ir@intrum.com
Intrum Justitia is Europe's leading Credit Management Services (CMS) group and
offers services designed to measurably improve clients' cash flows and long-term
profitability. Intrum Justitia was founded in 1923, has 3,400 employees in 24
markets and revenues of approximately SEK 3.7 billion. Intrum Justitia AB is
listed on Nasdaq OMX Stockholm since 2002. For further information, please visit
www.intrum.com
