Annuncio • May 08
Intrum AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 6 billion. Intrum AB (publ) has filed a Follow-on Equity Offering in the amount of SEK 6 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Transaction Features: Rights Offering Annuncio • Apr 23
Intrum AB (Publ) Announces Board Elections Intrum AB (publ) at its 2026 Annual General Meeting was held on 22 April 2026, elected Perry Blacher and David Sear as board of directors for the period until the end of the next AGM. Annuncio • Mar 23
Intrum AB (publ), Annual General Meeting, Apr 22, 2026 Intrum AB (publ), Annual General Meeting, Apr 22, 2026, at 14:00 W. Europe Standard Time. Location: grev turegatan 30 (gt 30), stockholm Sweden Annuncio • Jan 29
Intrum AB (Publ) Announces Board Changes Intrum AB (publ) announced that the Nomination Committee has informed the Board of Directors of its intention to propose Alon Avner for election as a new Board Member at Intrum’s next Annual General Meeting. The Board of Directors has resolved to co-opt Alon Avner as a member of the Board with effect from 28 January up to the next Annual General Meeting. Alon Avner has over 25 years of experience in asset and investment management, with a focus on performing and distressed credit across Europe. He most recently served as Partner and Head of Credit and Special Situations at Bain Capital in Europe. In connection therewith, Philip Thomas has notified that he will step down as Board Member with effect from 28 January, as he has taken on a new executive role which does not allow him to continue as Board Member with Intrum. Annuncio • Dec 02
Intrum AB (publ) (OM:INTRUM) and Cerberus Capital Management, L.P. entered into an agreement to acquire NPL portfolio of Norion Bank AB from Norion Bank AB (publ) (OM:NORION). Intrum AB (publ) (OM:INTRUM) and Cerberus Capital Management, L.P. entered into an agreement to acquire NPL portfolio of Norion Bank AB from Norion Bank AB (publ) (OM:NORION) on December 1, 2025. Cerberus Capital Management will acquire the stake in the portfolio through an affiliate. The portfolio comprises overdue receivables amounting to a gross value of approximately SEK 430 million. The portfolio consists of overdue receivables subject to the Prudential Backstop regulation, the sale will result in the avoidance of future deductions from Norion Bank’s capital base of approximately SEK 150 million.
The transaction is expected to be completed during the fourth quarter of 2025. Annuncio • Jul 25
Intrum AB (publ) to Report Fiscal Year 2025 Final Results on Mar 31, 2026 Intrum AB (publ) announced that they will report fiscal year 2025 final results on Mar 31, 2026 Annuncio • May 08
Intrum AB (publ), Annual General Meeting, Jun 10, 2025 Intrum AB (publ), Annual General Meeting, Jun 10, 2025, at 14:00 W. Europe Standard Time. Location: at grev turegatan 30 (gt 30), stockholm Sweden Annuncio • Mar 14
Intrum AB Announces Reorganisation Plan for Swedish Company Reorganisation Intrum AB announced the reorganisation plan for its Swedish company reorganisation. The Reorganisation Plan sets out certain key terms of Intrum's Recapitalisation Transaction, consistent with the previously confirmed Chapter 11 plan. The Reorganisation Plan was distributed to all affected creditors. Intrum will now request that the Stockholm District Court (the Court) initiate plan proceedings for a vote on the Reorganisation Plan. In order to implement Intrum's Recapitalisation Transaction, on 8 January 2025 the Company applied for Swedish company reorganisation. The application was successfully approved by the Court on the same date and subsequently confirmed by the Court following a creditors' meeting held on 24 January 2025. The Reorganisation Plan was distributed to all affected creditors, marking the next step as Intrum progresses with its reorganisation. Intrum will now request that the Court opens plan proceedings, including the scheduling of a plan meeting. All affected creditors will have the opportunity to vote on the Reorganisation Plan at the plan meeting. The plan meeting is expected to be held within three to five weeks. Intrum will also announced clear instructions how affected creditors can participate and vote at the plan meeting. Locked-up creditors already supportive of the Recapitalisation Transaction are bound to reconfirm their support by voting in favour at the plan meeting. The debt settlement proposed in the Reorganisation Plan is substantially aligned with the plan of reorganisation confirmed as part of Intrum's Chapter 11 proceedings in the United States. As further described in the Reorganisation Plan, the plan proposes reorganisation measures affecting all of Intrum's RCF-lenders, Intrum's senior secured term loan lender and all of Intrum's Noteholders. The confirmation of the Reorganisation Plan by the Court is a condition precedent to the effectiveness of the Chapter 11 Plan. The Recapitalisation Transaction, including the reorganisation measures proposed in the Reorganisation Plan, will be implemented once the conditions precedent to the occurrence of the Effective Date have been satisfied or waived in accordance with the Chapter 11 Plan. Intrum aims to finalize its restructuring proceedings in both Sweden and the United States and fulfil all remaining conditions to the transaction during first half of 2025. As previously communicated, during the Swedish reorganisation process Intrum will remain in possession and control of its assets, retain its existing management team and board of directors, and plans to continue to conduct its ordinary business operation in all material aspects with no disruption of service. Annuncio • Nov 22
Intrum AB (publ)(OM:INTRUM) dropped from OMX Nordic All-Share Index Intrum AB (publ) has been dropped from the OMX Nordic All-Share Index Annuncio • Nov 19
Joint Prepackaged Reorganization Plan and Disclosure Statement Filed by Intrum AB (publ) Intrum AB (publ), along with its affiliates, filed a joint pre-packaged plan of reorganization with related disclosure statement in the US Bankruptcy Court on November 17, 2024. As per the plan filed, administrative claims, professional fee claims, priority tax claims, restructuring expenses, other secured claims, other priority claims, senior secured term loan claims, and general unsecured claims shall be paid in full in cash. RCF claims shall receive its pro rata share of the SSRCF in full provided that notwithstanding the foregoing, all Ancillary facility claims shall be reinstated, and each ancillary facility shall continue in accordance with its terms and constitute an ancillary facility under the SSRCF in accordance with the terms of the SSRCF credit agreement. For the avoidance of doubt, each holder of an ancillary facility claim shall retain its rights and claims under the applicable ancillary facility. in addition, each holder of an allowed RCF claim shall also receive cash in an amount equal to all accrued and unpaid interest and all other premiums, fees, costs, or other amounts due and owing pursuant to, and in accordance with, the applicable facility agreement documents, and all other premiums, fees, costs, or other amounts otherwise due and owing pursuant to, and in accordance with the applicable facility agreement documents shall have been paid, regardless of when accrued and payable. Notes claims shall be recovered 91.6% its pro rata share of the exchange notes and its pro rata share of the noteholder ordinary shares. holders of allowed notes claims will also receive their pro rata share of the subscription rights in accordance with the lock-up agreement and the rights offering documents. on the effective date, each holder of an allowed notes claim shall also receive cash in an amount equal to all accrued and unpaid interest on the principal amount of such allowed notes claim and all other premiums, fees, costs, or other amounts due and owing pursuant to the applicable prepetition finance documents governing the notes with respect to such notes claim. Intercompany claims, Ancillary facility claims, existing equity interests, and intercompany interests shall be reinstated. The plan shall be funded through cash in hand, issuance of debt and issuance of equity. Annuncio • Nov 18
Motion for Case Dismissal Filed for Intrum AB (publ) The Ad Hoc Committee of holders of 2025 notes filed a motion in the US Bankruptcy Court seeking the dismissal of Intrum AB (publ)’s Chapter 11 bankruptcy case on November 18, 2024. The reason being the debtor is domiciled in Sweden and has no operations, assets, or employees in the U.S. and Intrum Texas has no assets, employees, or operations to reorganize around, or any debt to restructure. Annuncio • Oct 23
Intrum AB (publ) Reports Consolidated Goodwill Impairment for the Third Quarter Ended September 30, 2024 Intrum AB (publ) reported consolidated goodwill impairment for the third quarter ended September 30, 2024. Goodwill Impairment was SEK 668 million. Annuncio • Oct 18
Intrum AB is Heading Towards Bankruptcy Intrum AB is heading towards bankruptcy as of October 18, 2024. The company is expected to file for voluntary Chapter 11 bankruptcy protection in the U.S. to restructure its net debt of 49.4 billion Swedish crowns ($4.69 billion). Intrum has secured support from 73% of its noteholders, which is sufficient for a U.S. Chapter 11 procedure. The company aims to finalize a reorganization pact to emerge with adequate liquidity for long-term growth. Chapter 11 plan approval is expected before end of 2024. Reported Earnings • Jul 24
Second quarter 2024 earnings released: kr11.62 loss per share (vs kr0.041 loss in 2Q 2023) Second quarter 2024 results: kr11.62 loss per share (further deteriorated from kr0.041 loss in 2Q 2023). Revenue: kr4.61b (up 6.2% from 2Q 2023). Net loss: kr1.40b (loss widened kr1.40b from 2Q 2023). Revenue is expected to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Germany are expected to grow by 5.7%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 31 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Jul 22
Independent Chair of the Board recently bought €1.1m worth of stock On the 18th of July, Magnus Lindquist bought around 300k shares on-market at roughly €3.79 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Magnus' only on-market trade for the last 12 months. Recent Insider Transactions • May 12
Insider recently bought €330k worth of stock On the 6th of May, Georgios Georgakopoulos bought around 150k shares on-market at roughly €2.20 per share. This transaction increased Georgios Georgakopoulos' direct individual holding by 4x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.2m more in shares than they have sold in the last 12 months. Annuncio • Apr 25
Intrum AB (Publ) Omits to Pay Dividend for 2023 Intrum AB (publ) at the Annual General Meeting held adopted the board's proposal not to pay any dividend for 2023. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €1.77, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 14x in the Commercial Services industry in Germany. Total loss to shareholders of 92% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.68 per share. Annuncio • Apr 04
Intrum AB Announces CFO Changes Johan Åkerblom has been appointed CFO of Intrum AB. Åkerblom has an extensive background in senior management roles in financial institutions including SEB and, most recently, Citadele Bank where he was CFO and since 2020 CEO of the group. Johan Åkerblom started his career at McKinsey & Co and also worked at ISS Facility Management prior to joining SEB. Johan will join Intrum at a later date in 2024 and succeeds Emil Folkesson, who has been interim CFO since February 2024. Emil will return to his role as Investor Relations Director at Intrum. Reported Earnings • Apr 04
Full year 2023 earnings released: EPS: kr0.32 (vs kr37.76 loss in FY 2022) Full year 2023 results: EPS: kr0.32 (up from kr37.76 loss in FY 2022). Revenue: kr19.9b (up 3.8% from FY 2022). Net income: kr39.0m (up kr4.59b from FY 2022). Profit margin: 0.2% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 31 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Mar 22
President & CEO recently bought €60k worth of stock On the 20th of March, Andres Rubio bought around 44k shares on-market at roughly €1.38 per share. This transaction amounted to 78% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Andres has been a buyer over the last 12 months, purchasing a net total of €415k worth in shares. Buy Or Sell Opportunity • Mar 19
Now 40% undervalued after recent price drop Over the last 90 days, the stock has fallen 81% to €1.12. The fair value is estimated to be €1.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.3% per annum. Earnings are also forecast to grow by 49% per annum over the same time period. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to €2.20, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 13x in the Commercial Services industry in Germany. Total loss to shareholders of 89% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.32 per share. Buy Or Sell Opportunity • Feb 14
Now 25% overvalued Over the last 90 days, the stock has fallen 30% to €3.42. The fair value is estimated to be €2.73, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.4% per annum. Earnings are also forecast to grow by 53% per annum over the same time period. New Risk • Feb 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Share price has been highly volatile over the past 3 months (12% average weekly change). Reported Earnings • Jan 26
Full year 2023 earnings released: EPS: kr0.32 (vs kr37.08 loss in FY 2022) Full year 2023 results: EPS: kr0.32 (up from kr37.08 loss in FY 2022). Revenue: kr19.9b (up 1.9% from FY 2022). Net income: kr39.0m (up kr4.51b from FY 2022). Profit margin: 0.2% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Annuncio • Jan 23
An undisclosed affiliate of Cerberus Capital Management, L.P. agreed to acquire Investment Portfolio of Intrum AB (publ) (OM:INTRUM) for SEK 8.2 billion. An undisclosed affiliate of Cerberus Capital Management, L.P. agreed to acquire Investment Portfolio of Intrum AB (publ) (OM:INTRUM) for SEK 8.2 billion on January 22, 2024. The portfolios will be acquired by an Investor, in which Cerberus will hold a 65 percent ownership stake and Intrum will hold a 35 percent ownership stake. The net expected proceeds of SEK 8.2 billion will be used, in full, to reduce leverage. The completion of the transaction is subject to certain technical and customary regulatory conditions and is expected to complete in the first half of 2024. Akin Gump Strauss Hauer & Feld LLP acted as legal advisor to Intrum. PricewaterhouseCoopers International Limited acted as accountant to Intrum. Linklaters LLP acted as legal advisor to Cerberus. Ernst & Young LLP acted as accountant to Cerberus. Goldman Sachs has also entered into an agreement to provide financing for the transaction. Annuncio • Dec 14
Intrum AB (publ) Announces Chief Financial Officer Changes Intrum AB (publ) has come to an agreement with Michael Ladurner, Chief Financial Officer (CFO), regarding his departure from the company. Anders Blomqvist has been appointed interim CFO with immediate effect, and Michael Ladurner will support the organisation to ensure a smooth CFO handover through the first quarter of 2024. Anders Blomqvist has a broad background from senior positions at financial companies such as Handelsbanken, Swedbank Markets, Nordea Bank, SEB Kort, Payex Sverige AB and Forex Bank. The recruitment process for a permanent CFO has been initiated. Annuncio • Nov 11
Intrum AB (publ), Annual General Meeting, Apr 24, 2024 Intrum AB (publ), Annual General Meeting, Apr 24, 2024, at 14:00 Central European Standard Time. Reported Earnings • Oct 26
Third quarter 2023 earnings released: kr3.56 loss per share (vs kr17.05 loss in 3Q 2022) Third quarter 2023 results: kr3.56 loss per share (improved from kr17.05 loss in 3Q 2022). Revenue: kr4.91b (up 7.4% from 3Q 2022). Net loss: kr429.0m (loss narrowed 79% from 3Q 2022). Revenue is expected to decline by 1.0% p.a. on average during the next 3 years, while revenues in the Commercial Services industry in Germany are expected to grow by 5.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Oct 24
Upcoming dividend of kr6.75 per share at 22% yield Eligible shareholders must have bought the stock before 31 October 2023. Payment date: 06 November 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 22%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (4.9%). Board Change • Oct 03
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Philip Thomas was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annuncio • Sep 28
Intrum AB (Publ) Announces Nomination Committee At Intrum AB's Annual General Meeting on 27 April 2023, it was resolved that the Chairman of the Board of Directors should form a Nomination Committee by convening representatives for the largest shareholders of the company, based on the number of votes known to be held at the end of August. Following contacts with the company's shareholders, the following members have been appointed: Robert Furuhjelm, appointed by Cidron 1748 Sarl /Nordic Capital, Patricia Hedelius, appointed by AMF and AMF Fonder, Pia Gisgård, appointed by Swedbank Robur Fonder, Helen Fasth Gillstedt, appointed by Handelsbanken Fonder. Annuncio • Jul 22
Intrum AB (publ) Omits Dividend for the Year 2024 Intrum AB (publ) recommend no dividend payable in 2024 after paying SEK 13.5 per share in 2023 (~18% on SEK 75 share price). Annuncio • Jul 04
Intrum Exits the Baltics and Romania Intrum announced that consistent with Intrum's previously communicated strategic priorities, to Simplify and Focus its geographical footprint, the company is exiting its operations in the Baltics and Romania. This follows the previously announced exit from Brazil, reducing the Company's total number of jurisdictions from 25 to 20. The servicing platforms and investment portfolios of Intrum Baltics are being acquired by Aktiva Finance Group, the leading player in Baltic debt collection and debt purchase market, for a cash consideration of EUR 30 million. The transaction, which consider 100% of the equity interest in Intrum Estonia AS, Intrum Latvia SAI and Intrum Lithuania UAB, is expected to close in third quarter for the Estonian and Latvian businesses and in fourth quarter for the Lithuanian business. New Risk • Jun 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Paying a dividend despite being loss-making. Annuncio • Jun 02
Intrum AB (publ) (OM:INTRUM) acquired Two consumer loan servicing platforms from Arrow Global Limited. Intrum AB (publ) (OM:INTRUM) agreed to acquire Two consumer loan servicing platforms from Arrow Global Limited for £36.5 million on November 22, 2022. Intrum AB (publ) also invested £121.25 million for 50 percent of Arrow’s UK unsecured consumer portfolios. The deal is subject to approval by the Financial Conduct Authority, with expected completion in the second quarter of 2023. Slaughter and May acted as legal advisor to Arrow Global Limited.
Intrum AB (publ) (OM:INTRUM) completed the acquisition of Two consumer loan servicing platforms from Arrow Global Limited on May 31, 2023. Recent Insider Transactions • May 15
President recently bought €307k worth of stock On the 11th of May, Andres Rubio bought around 42k shares on-market at roughly €7.31 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Andres' only on-market trade for the last 12 months. Annuncio • May 13
Intrum AB (publ) (OM:INTRUM) agreed to acquire Haya Real Estate, S.A.U. for €140 million. Intrum AB (publ) (OM:INTRUM) agreed to acquire Haya Real Estate, S.A.U. for €140 million on May 11, 2023. The transaction is expected to be completed by the third quarter of 2023. The acquisition will be financed by cash and available bank commitments and is leverage ratio accretive from closing. The deal is subject to approval by the Spanish competition authority and formal release of the security over the company shares and assets. Board Change • May 05
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Philip Thomas was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 21
Upcoming dividend of kr6.75 per share at 12% yield Eligible shareholders must have bought the stock before 28 April 2023. Payment date: 05 May 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 12%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (4.5%). Reported Earnings • Apr 06
Full year 2022 earnings released Full year 2022 results: Revenue: kr19.5b (up 9.5% from FY 2021). Net loss: kr4.47b (down 243% from profit in FY 2021). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Feb 03
Insider recently bought €303k worth of stock On the 1st of February, Hans Larsson bought around 25k shares on-market at roughly €12.10 per share. This transaction increased Hans Larsson's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €693k more in shares than they have sold in the last 12 months. Annuncio • Feb 02
Intrum AB (Publ) Announces Executive Changes Intrum has appointed Julia Reuszner new MD Sweden. She comes from a position as Chief Risk Officer at Intrum. She will assume her new position in February 2023. Johan Brodin has been appointed new Chief Risk Officer at Intrum. He comes frm a position as Chief Technology Officer (CTO) at the company. Annuncio • Jan 28
Intrum AB Proposes Dividend At the Annual General Meeting The Board of Directors of Intrum AB proposes that the Annual General meeting distributes a dividend to the shareholders of SEK 13.50 (13.50) per share payable in two equal instalments in May and November 2023, corresponding to a total of SEK 1,627 Million (1,632). Reported Earnings • Jan 27
Full year 2022 earnings released: kr37.08 loss per share (vs kr25.88 profit in FY 2021) Full year 2022 results: kr37.08 loss per share (down from kr25.88 profit in FY 2021). Revenue: kr19.5b (up 9.5% from FY 2021). Net loss: kr4.47b (down 243% from profit in FY 2021). Revenue is forecast to stay flat during the next 2 years compared to a 6.4% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Dec 19
Chief Investment Officer recently bought €104k worth of stock On the 16th of December, Javier Aranguren bought around 10k shares on-market at roughly €10.45 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €151k more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €10.60, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Commercial Services industry in Germany. Total loss to shareholders of 50% over the past three years. Annuncio • Nov 23
Intrum AB (publ) (OM:INTRUM) agreed to acquire Two consumer loan servicing platforms from Arrow Global Limited for £36.5 million. Intrum AB (publ) (OM:INTRUM) agreed to acquire Two consumer loan servicing platforms from Arrow Global Limited for £36.5 million on November 22, 2022. Intrum AB (publ) also invested £121.25 million for 50 percent of Arrow’s UK unsecured consumer portfolios. The deal is subject to approval by the Financial Conduct Authority, with expected completion in the second quarter of 2023. Annuncio • Nov 10
Intrum AB (publ) Announces Management Changes Intrum AB (publ) announced that Annette Kumlien has been appointed Chief Operating Officer (COO) of Intrum, effective during the second quarter of 2023. Annette joins Intrum from Munters Group AB where she currently holds the position as Group Vice President and CFO. Annette Kumlien has extensive experience from leading roles in listed and non-listed companies with a strong focus on business transformations. Previous to her role as Group Vice President and CFO of Munters, Annette has held positions as CFO and COO of Diaverum AB and CFO at Höganäs AB and at Pergo AB respectively. She has a Bachelor of Science in Business Administration from the Stockholm School of Economics. Annette will report directly to Andrés Rubio and will be a part of Intrum's Group Management Team. Mohammed Salloum, who has been interim Chief Operating Officer (COO) since 1 June 2022, will become Chief Transformation Officer and Deputy COO. Annuncio • Nov 05
Intrum AB (publ), Annual General Meeting, Apr 27, 2023 Intrum AB (publ), Annual General Meeting, Apr 27, 2023, at 14:00 Central European Standard Time. Reported Earnings • Oct 28
Third quarter 2022 earnings released: kr17.05 loss per share (vs kr4.34 profit in 3Q 2021) Third quarter 2022 results: kr17.05 loss per share (down from kr4.34 profit in 3Q 2021). Revenue: kr4.57b (up 6.4% from 3Q 2021). Net loss: kr2.06b (down 492% from profit in 3Q 2021). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €13.20, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Commercial Services industry in Germany. Total loss to shareholders of 28% over the past three years. Annuncio • Sep 02
Intrum AB (publ) (OM:INTRUM) acquired A debt portfolio of Caja Rural de Aragón worth of 200 million euros from Caja Rural de Aragón. Intrum AB (publ) (OM:INTRUM) acquired A debt portfolio of Caja Rural de Aragón worth of 200 million euros from Caja Rural de Aragón on September 1, 2022. This operation called Project Cobble and promoted by the Aragonese financial entity, has more than 4,000 files, most of them unsecured loans from individuals and companies.
Intrum AB (publ) (OM:INTRUM) completed the acquisition of A debt portfolio of Caja Rural de Aragón worth of 200 million euros from Caja Rural de Aragón on September 1, 2022. Reported Earnings • Jul 22
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: kr4.88b (up 10% from 2Q 2021). Net income: kr663.0m (down 16% from 2Q 2021). Profit margin: 14% (down from 18% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 2.4%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annuncio • May 31
Intrum AB (Publ) Announces Executive Changes Intrum AB (publ) announced that Mohammed Salloum has been appointed interim Chief Operating Officer (COO) of Intrum, effective 1 June 2022. Harry Vranjes, who has been COO since 2020, will leave Intrum for a position outside the company. Mohammed Salloum has, in his role as Chief Transformation Program Officer, been leading Intrum’s transformation program since January 2021 and joined Intrum as Group Finance Director in August 2020. Mohammed has previously held positions specialized in finance and strategy at companies such as McKinsey & Company, Hemfrid AB, Capgemini Consulting and Volvo Group. Mohammed will continue to report directly to President & CEO Anders Engdahl and he will also continuously be part of the Group Management Team. Recent Insider Transactions • May 06
President & CEO recently bought €87k worth of stock On the 2nd of May, Anders Engdahl bought around 4k shares on-market at roughly €21.67 per share. This was the largest purchase by an insider in the last 3 months. Anders has been a buyer over the last 12 months, purchasing a net total of €194k worth in shares. Reported Earnings • May 02
First quarter 2022 earnings released: EPS: kr4.58 (vs kr6.06 in 1Q 2021) First quarter 2022 results: EPS: kr4.58 (down from kr6.06 in 1Q 2021). Revenue: kr4.48b (up 6.6% from 1Q 2021). Net income: kr553.0m (down 25% from 1Q 2021). Profit margin: 12% (down from 17% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.6%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • May 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Director Liv Fiksdahl was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 27
Upcoming dividend of kr13.50 per share Eligible shareholders must have bought the stock before 02 May 2022. Payment date: 06 May 2022. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 5.5%. Within top quartile of German dividend payers (4.0%). Higher than average of industry peers (2.8%). Reported Earnings • Apr 08
Full year 2021 earnings released: EPS: kr25.88 (vs kr15.18 in FY 2020) Full year 2021 results: EPS: kr25.88 (up from kr15.18 in FY 2020). Revenue: kr17.8b (up 5.6% from FY 2020). Net income: kr3.13b (up 66% from FY 2020). Profit margin: 18% (up from 11% in FY 2020). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 4.7%, compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 07
Intrum AB (publ) to Report Nine Months, 2022 Results on Oct 20, 2022 Intrum AB (publ) announced that they will report nine months, 2022 results on Oct 20, 2022 Annuncio • Feb 19
Intrum AB Announces Management Changes Intrum AB announced that the nomination committee's members are Robert Furuhjelm, appointed by Nordic Capital, Tomas Flodén, appointed by AMF & AMF Fonder, Pia Gisgård, appointed by Swedbank Robur Fonder, Ossian Ekdahl, appointed by Första AP-fonden and Henrik Söderberg, appointed by C WorldWide Asset Management. Helen Fasth Gillstedt has been co-opted to the Committee, as proposed by Handelsbanken Fonder. The Chair of the Nomination Committee was Robert Furuhjelm. The current Chair Per E. Larsson has declined re-election. Recent Insider Transactions • Feb 05
Insider recently sold €495k worth of stock On the 2nd of February, Hans Larsson sold around 19k shares on-market at roughly €26.77 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €177k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improved over the past week After last week's 16% share price gain to €25.78, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 16x in the Commercial Services industry in Europe. Total returns to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €21.28 per share.