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Intrum Justitia AB (INTRUM.ST)

INTRUM.ST on Stockholm Stock Exchange

316.90SEK
19 Jan 2018
Change (% chg)

2.90kr (+0.92%)
Prev Close
314.00kr
Open
314.50kr
Day's High
318.20kr
Day's Low
313.70kr
Volume
428,776
Avg. Vol
425,020
52-wk High
360.20kr
52-wk Low
239.60kr

Latest Key Developments (Source: Significant Developments)

Intrum says ‍board approved participation in management stock incentive program facilitated by Nordic Capital Fund VIII​
Tuesday, 19 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

Intrum Justitia CEO: subsidiaries sale process is on schedule
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Intrum Justitia Ab :Intrum justitia ceo says confident will divest by mid-december as planned its businesses that are up for sale.Intrum justitia ceo says market activity remains high so far in q4.Intrum justitia cfo says aims to make a number of acquisitions over the next 12 months, size in line with or slightly bigger than recently acquired dutch firm credit management services.  Full Article

Intrum Justitia Q3 operating profit beats expectations
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Intrum Justitia Ab :q3 ‍operating earnings amounted to sek 977 m (506).‍q3 ‍operating earnings excluding non-recurring items and items affecting comparability amounted to sek 999 m​.Reuters poll: intrum q3 ebit was seen at 933 million sek, adjusted ebit seen at 991 million.consolidated net revenues for q3 of 2017 amounted to sek 2,986 m (1,433)​.‍investments in purchased debt rose by 42 percent in q3, pro forma​.says ‍we take a very positive view of opportunities for growth over coming years in our existing business and in new asset classes and markets​.says we are still seeing highly favorable activity in our markets, with a considerable supply of debt portfolios and opportunities for value-generating acquisitions.  Full Article

Intrum Justitia Q2 EBIT rises to SEK 474 mln
Tuesday, 19 Jul 2016 

Intrum Justitia AB : Q2 operating earnings (EBIT) amounted to SEK 474 m (448). . Q2 investments in purchased debt during quarter amounted to SEK 550 m (509) . Reuters poll: intrum justitia q2 EBIT was seen at 452 million SEK . Says despite certain increased political turmoil in europe following "brexit", view of intrum justitia's future potential remains positive . Says market conditions are generally good, particularly in terms of ample supply of debt portfolios and acquisition opportunities in credit management .Says on July 18, in order to retain sufficient financial flexibility to take advantage of possible investment opportunities in business operations, the Board of Directors decided not to make any further repurchases during the third quarter of 2016.  Full Article

Intrum Justitia to borrow 160 million euro
Thursday, 2 Jun 2016 

Intrum Justitia Ab : Intrum Justitia secures 160 million euro in extended loan financing . Intrum Justitia and Svensk Exportkredit (SEK) have entered into a long term financing agreement whereby SEK will lend EUR 160 million through a private placement of bonds issued by Intrum Justitia . The bonds are senior, unsecured and extend over a period of seven years, maturing in June 2023 .The bonds have been issued at a floating rate of EURIBOR 3 months plus a market based interest rate margin.  Full Article

Intrum Justitia AB names Mikael Ericson as new CEO
Wednesday, 3 Feb 2016 

Intrum Justitia AB:Says Mikael Ericson will be appointed new CEO and president.  Full Article

Intesa's sale of bad loan unit could encourage other Italian banks - sources

MILAN, Jan 15 Intesa Sanpaolo's shift in strategy to sell part of its prized bad loan unit could prompt other Italian banks to follow suit with Banco BPM and UBI seen as possible candidates, industry and financial sources said.