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Intrum Justitia AB (INTRUM.ST)

INTRUM.ST on Stockholm Stock Exchange

225.80SEK
18 May 2018
Change (% chg)

3.00kr (+1.35%)
Prev Close
222.80kr
Open
228.00kr
Day's High
232.70kr
Day's Low
225.00kr
Volume
1,251,928
Avg. Vol
451,416
52-wk High
329.80kr
52-wk Low
216.40kr

Latest Key Developments (Source: Significant Developments)

Cerved: No Impact On Credit Management Pipeline From Intesa Deal With Intrum - Conf Call
Monday, 7 May 2018 

May 7 (Reuters) - Cerved ::CEO SAYS CO HOPES TO GET CREDIT MGMT DEAL FOR SOME OF NON PERFORMING LOANS (AROUND EUR 10 BILLION) FROM WINDING DOWN OF VENETO BANKS - CONF CALL.CEO SAYS NO IMPACT ON PIPELINE FROM INTESA DEAL WITH INTRUM AS CO NEVER HOPED TO GET CREDIT MGMT DEAL FROM INTESA - CONF CALL.  Full Article

Intesa CEO says Intrum deal has implications for other Italian banks
Tuesday, 17 Apr 2018 

April 17 (Reuters) - Intesa Sanpaolo Chief Eexecutive Carlo Messinsa says::BAD LOANS' PRICE IN INTRUM DEAL SUPPORTED BY INDUSTRIAL LOGIC, HAS IMPORTANT MARKET IMPLICATIONS ALSO FOR OTHER ITALIAN BANKS.INTRUM DEAL STABILISES BAD LOAN MARKET BECAUSE IT SHOWS BOOK VALUES FOR THESE ASSETS ARE CORRECT..  Full Article

Intrum CEO says GACS state guarantee not necessary, maybe in future
Tuesday, 17 Apr 2018 

April 17 (Reuters) - Intrum Justitia AB CEO says::STATE GUARANTEE NOT NECESSARY FOR SENIOR TRANCHE IN BAD LOAN SECURITISATION .VERY HAPPY WITH BANKS' FINANCING, MAY EXPLORE POSSIBILITY OF GACS IN THE FUTURE.  Full Article

Intesa CEO does not expect any further major bad loan disposals
Tuesday, 17 Apr 2018 

April 17 (Reuters) - Intesa SanPaolo CEO says::DOES NOT EXPECT ANY FURTHER MAJOR BAD LOAN DISPOSALS.  Full Article

Danko Maras has been appointed as Intrum's new CFO
Monday, 26 Mar 2018 

March 26 (Reuters) - Intrum Justitia Ab ::DANKO MARAS HAS BEEN APPOINTED AS INTRUM'S NEW CFO.‍THOMAS MOSS, ACTING CFO, WILL CONTINUE IN THIS POSITION UNTIL JULY 16, 2018, UNTIL DANKO MARAS ENTER HIS DUTIES​.  Full Article

Intrum says ‍board approved participation in management stock incentive program facilitated by Nordic Capital Fund VIII​
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Intrum Justitia Ab ::‍MANAGEMENT INCENTIVE PROGRAM IN INTRUM AND UPCOMING CHANGE OF CFO​.‍BOARD RESOLVED TO APPROVE PARTICIPATION IN A MANAGEMENT STOCK INCENTIVE PROGRAM FACILITATED BY NORDIC CAPITAL FUND VIII​.‍PROGRAM ENTAILS THAT CEO WILL OWN SHARES VIA A LIMITED LIABILITY COMPANY WHERE NORDIC CAPITAL CONTRIBUTES MARKET-PRICED FUNDING​.‍CFO ERIK FORSBERG, WILL NOT PARTICIPATE IN INCENTIVE PROGRAM, SINCE HE HAS INFORMED OF HIS INTENTION TO LEAVE INTRUM DURING 2018​.‍TIMETABLE FOR FORSBERG'S DEPARTURE AS CFO WILL BE DECIDED SHORTLY​.‍FORSBERG HAS ACCEPTED TO REMAIN IN AN ADVISORY ROLE DURING 2018 TO ENSURE CONTINUITY​.  Full Article

Intrum Justitia well placed to deliver on new targets -CEO
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Intrum Justitia AB CEO Mikael Ericson to Reuters::INTRUM JUSTITIA CEO SAYS COMPANY WELL POSITIONED TO DELIVER ON NEW FINANCIAL TARGETS.INTRUM JUSTITIA CEO SAYS SEES STRONG GROWTH IN MOST ITS MARKETS, PARTICULARLY FROM FINANCIAL SECTOR.INTRUM JUSTITIA CEO SAYS ACQUISITIONS REMAINS IMPORTANT PART OF BUSINESS, FOCUS PRIMARILY ON SMALLER ADD-ON ACQUISITIONS IN EXISTING MARKETS.  Full Article

Intrum sets new financial targets after Lindorff merger
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Intrum Justitia Ab ::INTRUM PRESENTS 2020 STRATEGY, FINANCIAL TARGETS AND UPDATES ON RECENT CONTINUED STRONG BUSINESS DEVELOPMENT.SAYS ‍STRONG BUSINESS MOMENTUM IN Q4 TO DATE​.SAYS ‍INTEGRATION OF TWO COMPANIES IS WELL ON TRACK AND MERGER OF INTRUM JUSTITIA AND LINDORFF HAS SO FAR PROVEN TO BE VERY SUCCESSFUL​.SAYS ‍ALREADY BY END OF THIS YEAR, WE WILL HAVE REALIZED MORE THAN SEK 190 MILLION IN ANNUALIZED RUN-RATE COST SYNERGIES​.SAYS ‍SINCE END OF Q3 2017, INTRUM HAS SEEN CONTINUED STRONG BUSINESS DEVELOPMENT​.SAYS TARGETS ‍EPS GROWTH OF AT LEAST 75% IN 2020 VERSUS. 2016​.SAYS ‍TARGETS PORTFOLIO ROI OF AT LEAST 13% P.A​.SAYS ‍TARGETS NET DEBT/CASH EBITDA MULTIPLE OF BETWEEN 2.5 TO 3.5 TIMES​.SAYS ‍DIVIDEND POLICY TO DISTRIBUTE AT LEAST 50% OF NET EARNINGS P.A.​.  Full Article

Intrum says to buy Italy's CAF
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Intrum Justitia AB ::SAYS ‍HAS ENTERED INTO AN AGREEMENT TO ACQUIRE CAF S.P.A (CAF), THIRD LARGEST SERVICER OF NON-PERFORMING LOANS IN ITALY​.SAYS ‍IN ADDITION, INTRUM HAS ACQUIRED A LARGE, DIVERSIFIED DEBT PORTFOLIO SERVICED BY CAF​.SAYS ‍TOTAL PURCHASE PRICE ON A CASH AND DEBT FREE BASIS FOR CAF AND DEBT PORTFOLIO IS ABOUT EUR 200 MILLION​.  Full Article

Intrum sells business units to Lowell
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - INTRUM JUSTITIA AB :INTRUM DIVESTS BUSINESS UNITS TO LOWELL FOR EUR 700 MILLION.SAYS ‍TRANSACTION IS EXPECTED TO BE COMPLETED IN FIRST HALF OF 2018 AND IS CURRENTLY NOT EXPECTED TO RESULT IN ANY SIGNIFICANT PROFIT AND LOSS IMPACT​.SAYS ‍DIVESTMENT WILL BE SUBJECT TO APPROVAL OF LOWELL AS PURCHASER BY EUROPEAN COMMISSION, AS WELL AS CUSTOMARY COMPETITION AND REGULATORY APPROVALS​.  Full Article

Polish debt collector KRUK targets Italian bad loans for business growth

MILAN Polish debt collector KRUK targets increasing bad loans under management at its recently acquired debt recovery company in Italy, Agecredit, by nearly eight times to 3 billion euros (2.6 billion pounds) by 2021.