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Intrum AB (INTRUM.ST)

INTRUM.ST on Stockholm Stock Exchange

231.90SEK
18 Oct 2018
Change (% chg)

0.20kr (+0.09%)
Prev Close
231.70kr
Open
231.70kr
Day's High
232.20kr
Day's Low
229.10kr
Volume
15,250
Avg. Vol
452,443
52-wk High
329.80kr
52-wk Low
196.35kr

Latest Key Developments (Source: Significant Developments)

Intesa Sanpaolo reaches deal with unions over Intrum joint-venture
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Intesa Sanpaolo::SIGNED ACCORD WITH TRADE UNIONS IN RELATION TO BANK'S STRATEGIC PARTNERSHIP WITH INTRUM JUSTITIA.BANK COMMITTED TO INTERVENE IN FAVOUR OF WORKERS BEING TRANSFERRED TO 'TERSIA', THE COMPANY BEING SET UP WITH INTRUM, FOR 15 YEARS IN CASE OF LABOUR ISSUES.  Full Article

Intrum Q1 EBIT 1.2 bln SEK, return on portfolio investments 15 pct
Tuesday, 24 Jul 2018 

July 24 (Reuters) - Intrum AB ::INTRUM AB SAYS CONSOLIDATED NET REVENUES FOR Q2 OF 2018 INCREASED TO SEK 3,630 M (1,796).INTRUM AB Q2 OPERATING EARNINGS IMPROVED TO SEK 1,240 M.INTRUM AB Q2 OPERATING EARNINGS OF SEK 1,240 M INCLUDE NON-RECURRING ITEMS OF SEK -173 M.INTRUM AB Q2 OPERATING EARNINGS EXCLUDING NON-RECURRING ITEMS, ITEMS AFFECTING COMPARABILITY AND REVALUATIONS INCREASED TO SEK 1,196 M.INTRUM AB Q2 PORTFOLIO INVESTMENTS FOR QUARTER AMOUNTED TO SEK 2,385 M.INTRUM AB Q2 RETURN ON PORTFOLIO INVESTMENTS WAS 15 PERCENT.INTRUM AB SAYS IN CREDIT MANAGEMENT, REVENUE GROWTH ON A PRO FORMA BASIS WAS 16 PERCENT (6 PERCENT EXCLUDING ITEMS AFFECTING COMPARABILITY), AND OPERATING MARGIN INCREASED TO 34 PERCENT.INTRUM AB SAYS REMAINING CHALLENGES IN SPAIN WHERE WE WILL CONTINUE TO TAKE ACTION ON COSTS TO PROTECT MARGINS IF NECESSARY.INTRUM AB SAYS WE ANTICIPATE CLOSING BANCA INTESA SANPAOLO DEAL IN Q4 AS EARLIER COMMUNICATED.  Full Article

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 CEO says eyeing further investments in Italy

VENICE, Italy, Sept 28 Sweden's Intrum Justitia , Europe's biggest loan collector, wants to grow its presence in Italy after joining forces with Intesa Sanpaolo in the debt servicing business, its chief executive said.