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Intrum AB (INTRUM.ST)

INTRUM.ST on Stockholm Stock Exchange

232.40SEK
23 Aug 2019
Change (% chg)

-1.50kr (-0.64%)
Prev Close
233.90kr
Open
234.00kr
Day's High
235.80kr
Day's Low
231.00kr
Volume
173,406
Avg. Vol
291,742
52-wk High
290.80kr
52-wk Low
202.30kr

Latest Key Developments (Source: Significant Developments)

Intrum Issues Seven Year EUR 800 Million Bond
Thursday, 25 Jul 2019 

July 25 (Reuters) - Intrum AB ::INTRUM SUCCESSFULLY ISSUES A SEVEN YEAR, EUR 800 MILLION BOND.INTRUM SUCCESSFULLY ISSUES A SEVEN YEAR, EUR 800 MILLION BOND.INTRUM HAS SUCCESSFULLY ISSUED A SEVEN YEAR EUR 800 MILLION SENIOR UNSECURED FIXED RATE BOND WITH A COUPON OF 3.5 PER CENT.OFFERING OF NOTES IS EXPECTED TO CLOSE ON JULY 31, 2019, SUBJECT TO CUSTOMARY CLOSING CONDITIONS.PROCEEDS WILL BE USED TO REFINANCE A EUR 300 MILLION FLOATING RATE BOND AND A SEK 3 BILLION FLOATING RATE BOND.EXCESS PROCEEDS WILL BE USED TO REPAY RCF AND ISSUE IS A PART OF CURRENT REFINANCING STRATEGY TO REDUCE LARGE MATURITY DUE IN JULY 2022 AND EXTEND INTRUM'S DEBT MATURITY PROFILE.  Full Article

Intrum Q2 Adjusted EBIT Rises To SEK 1.56 Bln
Thursday, 18 Jul 2019 

July 18 (Reuters) - Intrum AB ::INTERIM REPORT APRIL-JUNE 2019.Q2 CONSOLIDATED NET REVENUES INCREASED TO SEK 3,784M (3,630)..Q2 ADJUSTED EBIT INCREASED TO SEK 1,561M (1,196)..Q2 PORTFOLIO INVESTMENTS AMOUNTED TO SEK 1,436M (2,385).RETURN ON PORTFOLIO INVESTMENTS INCREASED TO 15 PER CENT (14) IN Q2.Q2 NET PROFIT INCREASED TO SEK 879M (701), AND EARNINGS PER SHARE INCREASED TO SEK 6.26 (5.33).I AM PLEASED THAT WE ARE ABLE TO REPORT ANOTHER GOOD, SOLID SET OF QUARTERLY RESULTS, WITH ADJUSTED EBIT UP 31 PER CENT YEAR-ON-YEAR - CEO.WE ARE INITIATING AN EFFICIENCY IMPROVEMENT PROGRAMME, TARGETING A FURTHER EUR 60M IN BOTTOM LINE IMPACT IN 2020 - CEO.  Full Article

Intrum Says Issues A Four-Year Sek 2 Billion Bond
Monday, 24 Jun 2019 

June 24 (Reuters) - Intrum AB ::INTRUM ISSUES A FOUR-YEAR, SEK 2 BILLION BOND.BOND IS ISSUED UNDER EXISTING DOMESTIC MTN PROGRAMME AND WILL BE LISTED ON NASDAQ STOCKHOLM.CO ISSUED A FOUR-YEAR, SEK 2 BILLION SENIOR UNSECURED FLOATING RATE NOTE AT STIBOR 3M +325 BASIS POINTS.INTRUM- PROCEEDS TO BE USED TO REFINANCE MTN-BOND MATURED IN MAY AND FOR GENERAL CORPORATE PURPOSES AND ISSUE IS A PART OF CURRENT REFINANCING STRATEGY.  Full Article

Intrum Q1 Adjusted EBIT Up At SEK 1.35 Bln
Friday, 26 Apr 2019 

April 26 (Reuters) - Intrum AB ::Q1 PORTFOLIO INVESTMENTS AMOUNTED TO SEK 1,277 M (1,373)."WE HAVE BEGUN 2019 IN A POSITIVE WAY AND LARGE STEP UP IN RESULTS IS CLEARLY IN LINE WITH OUR 2020 TARGET TRAJECTORY".Q1 ADJUSTED EBIT SEK 1.35 BILLION VERSUS SEK 973 MILLION YEAR AGO."WE ARE EXPERIENCING A CONTINUED ACTIVE EUROPEAN MARKET, NOT LEAST IN SOUTHERN PARTS."."WE LOOK FORWARD TO FURTHER POSITIVE DEVELOPMENTS FOR INTRUM THROUGHOUT 2019 AS WE STEADILY CLOSE IN ON OUR 2020 TARGETS.".Q1 CONSOLIDATED NET REVENUES SEK 3.75 BILLION VERSUS SEK 3.12 BILLION YEAR AGO.  Full Article

Intrum: Adjusted EBIT at SEK 1,236 Mln
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Intrum AB ::CONSOLIDATED NET REVENUES FOR Q4 OF 2018 INCREASED TO SEK 3,517 M (3,101).TO DISTRIBUTE A DIVIDEND TO SHAREHOLDERS OF SEK 9.50 PER SHARE (9.50), CORRESPONDING TO A TOTAL OF SEK 1,250 M (1250).ADJUSTED EBIT INCREASED BY 23 PER CENT TO SEK 1,236 M (1,008) IN Q4.Q4 CASH FLOW FROM OPERATING ACTIVITIES INCREASED BY 28 PER CENT AND AMOUNTED TO SEK 1,813 M (1,340)."IN 2019, WE WILL HAVE A STRONG FOCUS ON CENTRALISATION, STANDARDISATION AND COST EFFICIENCY IN OUR COLLECTION ACTIVITIES.".  Full Article

Intesa says to close Intrum deal by early December
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - Intesa Sanpaolo CEO Carlo Messina says::BANK CAN EASILY EXCEED SOURED LOAN REDUCTION TARGETS WITHOUT USING ANY EXCESS CAPITAL.TO CLOSE INTRUM DEAL BY EARLY DECEMBER.BANK WOULD STILL MEET MREL REQUIREMENT EVEN IF IT DECIDED NOT TO ROLL OVER ANY OF 18 BILLION EUROS IN BONDS EXPIRING IN 2019.  Full Article

Sampo Shareholding In Intrum At 5.2 Pct
Friday, 14 Sep 2018 

Sept 14 (Reuters) - Intrum AB ::FINANSINSPEKTIONEN REPORTED ON FRIDAY FINNISH SAMPO OYJ <<>> RAISED ITS HOLDING IN INTRUM TO 5.2 PCT.  Full Article

Intrum Issues A SEK 1 Bln Bond
Thursday, 28 Jun 2018 

June 28 (Reuters) - Intrum AB ::INTRUM SUCCESSFULLY ISSUES A TWO-YEAR, SEK 1 BILLION BOND.SENIOR UNSECURED FLOATING RATE NOTE AT STIBOR 3M +190 BASIS POINTS.THE PROCEEDS WILL BE USED FOR GENERAL CORPORATE PURPOSES.  Full Article

DoBank CEO says dividend policy to accelerate under new plan
Monday, 12 Feb 2018 

Feb 12 (Reuters) - DoBank CEO tells analyst call::ACCELERATION OF DIVIDEND POLICY WILL BE DRIVER OF NEW BUSINESS PLAN.DOES NOT SEE POSSIBLE J-V BETWEEN INTESA AND INTRUM AS A THREAT BECAUSE INTESA'S 49 PERCENT STAKE WILL MAKE IT HARD FOR OTHER BANKS TO ENTRUST BAD LOAN MANAGEMENT TO IT.  Full Article

Intrum Justitia says Thomas Moss appointed acting CFO
Friday, 9 Feb 2018 

Feb 9 (Reuters) - Intrum Justitia ::THOMAS MOSS APPOINTED ACTING CFO.SAYS ‍PROCESS OF RECRUITING A PERMANENT CFO FOR INTRUM GROUP IS ONGOING AND IS EXPECTED TO BE FINALISED LATER THIS SPRING​.  Full Article

UPDATE 2-Finnish insurer Sampo eyes new Nordic investments

HELSINKI, Aug 7 Finnish insurance group Sampo could increase investment across the Nordic financial sector with surplus capital after reducing its stake in regional bank Nordea, its chief executive said.