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Intrum AB

INTRUM.ST

Latest Trade

228.60SEK

Change

4.40(+1.96%)

Volume

140,925

Today's Range

226.00

 - 

229.80

52 Week Range

97.70

 - 

303.80

As of on the Stockholm Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Intrum Updates Financial Targets

Nov 18 (Reuters) - Intrum AB <INTRUM.ST>::UPDATED FINANCIAL TARGETS.TARGETS NET DEBT / CASH EBITDA MULTIPLE OF BETWEEN 2.5-3.5X BY END OF 2022.TARGETS CASH ROIC OF AT LEAST 10 PER CENT IN MEDIUM TERM.TARGETS ANNUAL CASH EPS GROWTH OF AT LEAST 10 PER CENT IN MEDIUM TERM.TARGETS ABSOLUT ANNUAL INCREASE OF DIVIDEND IN LINE WITH RECURRING CASH EARNINGS GROWTH IN MEDIUM TERM.BUILDING ON ITS LEADING POSITION AND ONE INTRUM PROGRAM, CO HAS ULTIMATE OBJECTIVE TO STRENGTHEN ITS LONG-TERM COMPETITIVE ADVANTAGES.EFFICIENCY GAINS FROM ONE INTRUM WILL DRIVE MARGIN IMPROVEMENT IN EXISTING BUSINESS, CREATING SUBSTANTIAL LEVERAGE AS MARKETS RECOVER IN WAKE OF COVID-19.TOTAL CAPITAL EXPENDITURE AND OPERATING COSTS FOR ONE INTRUM ARE EXPECTED TO AMOUNT TO AROUND SEK 1 BILLION, PLUS REDUNDANCY COSTS OF AROUND SEK 0.6 BILLION.ONE INTRUM TARGETS ANNUAL NET SAVINGS OF SEK 1 BILLION, AND PROGRAM IS EXPECTED TO REACH ITS FULL CAPACITY DURING 2023.ANNUAL NET SAVINGS ARE PRIMARILY COMPRISED OF COST REDUCTIONS RELATED TO LOCAL OPERATIONS.OPERATIONS WILL GRADUALLY BE SHIFTED TOWARDS SHARED SERVICE CENTRES AND LEGACY SETUPS ARE DECOMMISSIONED.HAS IDENTIFIED NEED TO TRANSFORM AND SIMPLIFY OPERATING MODEL.

Intrum Q3 Adjusted EBIT Up At SEK 1,687 Mln

Oct 23 (Reuters) - Intrum AB <INTRUM.ST>::INTERIM REPORT JANUARY-SEPTEMBER 2020.Q3 CONSOLIDATED NET REVENUES SEK 4,521 MILLION VERSUS SEK 3,786 MILLION YEAR AGO.Q3 PORTFOLIO INVESTMENTS AMOUNTED TO SEK 837 MSEK (831) IN QUARTER.Q3 ADJUSTED EBIT SEK 1,687 MILLION VERSUS SEK 1,476 MILLION YEAR AGO.WE EXPECT A SLOWDOWN IN FINAL QUARTER OF YEAR AS BUSINESS VOLUMES FROM NEW SALES REMAIN LIMITED..

Intrum AB Appoints Anders Engdahl As New President And CEO

Oct 18 (Reuters) - Intrum AB <INTRUM.ST>::MIKAEL ERICSON WILL LEAVE COMPANY AFTER FOUR YEARS AS PRESIDENT AND CEO.HAS APPOINTED INTRUM'S CURRENT CHIEF FINANCIAL OFFICER ANDERS ENGDAHL AS NEW PRESIDENT AND CEO.ANDERS ENGDAHL ASSUMES POSITION WITH IMMEDIATE EFFECT.PRELIMINARY EBIT ADJUSTED FOR Q3 IS SEK 1,687M, CORRESPONDING TO AN INCREASE OF 25 PER CENT COMPARED TO Q2.PRELIMINARY REVENUES FOR CREDIT MANAGEMENT SERVICES SEGMENT WAS APPROXIMATELY SEK 1,647M, 4 PER CENT ABOVE Q2,.

Intrum Says Successfully Issues A 5 Year, EUR 250 Million Bond

Sept 16 (Reuters) - Intrum AB <INTRUM.ST>::INTRUM SUCCESSFULLY ISSUES A 5 YEAR, EUR 250 MILLION BOND.INTRUM - ISSUED 5 YEAR EUR 250 MILLION SENIOR FIXED RATE BOND WITH A COUPON OF 4.875 PER CENT AT 100.75, WHICH CORRESPONDS TO A YIELD OF 4.70%.PROCEEDS WILL BE USED TO REPAY A PORTION OF INTRUM'S OUTSTANDING REVOLVING CREDIT FACILITY.

Intrum Launches Tap Issue Of EUR 200 Mln Senior Notes

Sept 16 (Reuters) - Intrum AB <INTRUM.ST>::INTRUM ANNOUNCES LAUNCH OF TAP ISSUE OF EUR 200 MILLION SENIOR NOTES DUE 2025.PROCEEDS FROM OFFERING WILL BE USED TO REPAY AMOUNTS OUTSTANDING UNDER INTRUM'S REVOLVING CREDIT FACILITY..

Intrum Issues 2 And 5 Year Bonds Totalling SEK 2 Bln

Sept 4 (Reuters) - Intrum AB <INTRUM.ST>: :SAID ON THURSDAY HAS ISSUED TWO SENIOR UNSECURED FLOATING RATE BONDS .ISSUED ONE 2 YEAR SEK 750 MILLION BOND WITH A COUPON OF STIBOR 3M +250 BASIS POINTS .ISSUED ONE 5 YEAR SEK 1.250 MILLION BOND WITH A COUPON OF STIBOR 3M +460 BASIS POINTS.PROCEEDS WILL BE USED TO REPAY THE EXISTING REVOLVING CREDIT FACILITY (RCF).

Intrum buys distressed loans portfolio in Hungary from SVEA Finance

July 27 (Reuters) - Intrum AB INTRUM.ST says in an emailed statement::INTRUM BUYS HUF 19 BILLION ($64.36 million) WORTH OF DISTRESSED HOUSEHOLD LOANS PORTFOLIO IN HUNGARY FROM SVEA FINANCE .ACQUIRED PORTFOLIO COMPRISES ABOUT 250,000 LOANS .SVEA FINANCE TO END HUNGARIAN OPERATIONS AFTER DEAL COMPLETED.INTRUM EMPLOYS ABOUT 400 PEOPLE IN HUNGARY.INTRUM SAYS PLANS FURTHER DISTRESSED PORTFOLIO ACQUISITIONS IN HUNGARY.

Intrum Issues 5 Year, EUR 600 Million Bond

July 27 (Reuters) - Intrum AB <INTRUM.ST>::SAID ON FRIDAY INTRUM SUCCESSFULLY ISSUES A 5 YEAR, EUR 600 MILLION BOND.SENIOR FIXED RATE BOND WITH A COUPON OF 4.875 PER CENT.PROCEEDS WILL BE USED TO REFINANCE A PORTION OF INTRUM'S OUTSTANDING EUR 750 MILLION FIXED RATE NOTES DUE 2022.

Intrum: Launch Of Offering Of EUR 500 Mln Senior Notes Due 2025

July 23 (Reuters) - Intrum AB <INTRUM.ST>::INTRUM ANNOUNCES LAUNCH OF OFFERING OF EUR 500 MILLION SENIOR NOTES DUE 2025.PROCEEDS FROM OFFERING WILL BE USED TO REFINANCE A PORTION OF INTRUM'S OUTSTANDING EUR 750 MILLION SENIOR FIXED RATE NOTES DUE 2022.IT HAS LAUNCHED AN OFFERING ( "OFFERING") OF EUR 500 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF FIXED RATE SENIOR NOTES DUE 2025.

Intrum Q2 EBIT Down At SEK 1,348 Mln

July 23 (Reuters) - Intrum AB <INTRUM.ST>::INTERIM REPORT JANUARY-JUNE 2020.INTRUM AB Q2 CONSOLIDATED NET REVENUES SEK 3,885 MILLION VERSUS SEK 3,784 MILLION YEAR AGO.Q2 EBIT AMOUNTED TO SEK 1,348M (1,475).Q2 PORTFOLIO INVESTMENTS SEK 1,267 MILLION VERSUS SEK 1,436 MILLION YEAR AGO.Q2 ADJUSTED EBIT SEK 1,345 MILLION VERSUS SEK 1,561 MILLION YEAR AGO.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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