Intrum Justitia — Second quarter 2009

  • Consolidated revenues for the second quarter 2009 amounted to SEK 1,050.8 M (890.8), an increase of 18.0 percent. Organic growth was 4.0 percent (10.8).
  • Operating earnings (EBIT) amounted to SEK 158.5 M (179.5). Revenues and earnings include net purchased debt revaluations of SEK ?5.2 M (+0.1). Earnings were also charged with a loss of SEK 15.1 M on the sale of the Scottish operations. Earnings for the same quarter in 2008 included a gain of SEK 8.9 M on the sale of a credit information company in Switzerland. Excluding these items, operating earnings improved by 4.9 percent to SEK 178.8 M (170.5), corresponding to an operating margin of 16.9 percent (19.1).
  • Net earnings decreased by 5.9 percent to SEK 105.4 M (112.0).
  • Earnings per share before dilution amounted to SEK 1.32 (1.42).
  • Investments in purchased debt amounted to SEK 368.9 M (250.6). The full report is enclosed in this email.

The interim report and presentation material are available at www.intrum.com.

President & CEO Lars Wollung and CFO Monika Elling will comment on the report on a teleconference today at 9:00 a.m. CET. The presentation can be followed at www.intrum.com and/or www.financialhearings.com. To participate by phone, call +46 8 5051 3643 or +44 (0)20 7806 1968, followed by the code 4415665.

Intrum Justitia is Europe’s leading Credit Management Services (CMS) group and offers services designed to measurably improve clients? cash flows and long-term profitability. Intrum Justitia was founded in 1923, has 3,400 employees in 23 markets and revenues of approximately SEK 3.7 billion. Intrum Justitia AB is listed on Nasdaq OMX Stockholm since 2002. For further information, please visit www.intrum.com

 

 


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