OM:INTRUMCommercial Services
Intrum (OM:INTRUM) Stock Price Hinges On Turnaround After Leverage Reset
Intrum stock has been stuck near SEK3.90 after a brutal 12 month slide that left the 90 day return down about 81%. Q2 results finally gave investors something firmer to work with. The company swung back to a profit with basic earnings per share of SEK1.32 on revenue of SEK4,053m.
The headline is not the quarter itself. It is the balance sheet reset. A fresh capital raise and a SEK2.4b portfolio sale have pulled reported leverage down from 6.2x to 4.3x. In the short term, the share price still...