Investors Press Publications About us Career ‹ REPORTS & PRESENTATIONS Presentation of Intrum's results for July-September 2021 Intrum announced its interim results for July-September 2021 on October 21st at 7:00 a.m. CEST. The report was presented in an audiocast with teleconference at 9:00 a.m. CEST the same day. Anders Engdahl, President & CEO, and Michael Ladurner, CFO, presented the results. Audiocast Report Q3 2021 ENG Report Q3 2021 SV Press release Presentation Comment by President & CEO Anders Engdahl “The third quarter has shown a continued, gradual normalisation across markets – both in terms of consumer and business behaviour. For Intrum this is reflected in a seasonally slower quarter, more in line with pre-pandemic patterns. We maintain a high level of cash revenues, only 4 per cent down from last year’s exceptionally strong third quarter. During the quarter cash EBIT declined 16 per cent versus the same quarter last year. However, looking at the first nine months of the year compared to the same period in 2020 we saw a 3 per cent growth. Group leverage ratio was 4.2x net debt to RTM cash EBITDA and the RTM cash EPS amounted to SEK 24.04. Our strong performance trajectory in the Portfolio Investments segment continues across markets. Gross cash collections amounted to approximately SEK 3 bn, equivalent to 112 per cent of the active forecast. New case inflow in our CMS segment continues to improve and the commercial activity remains high. In Strategic Markets we saw a softer quarter from a revenue and profitability perspective, while the level of commercial activity remained high. For example, we were awarded a ground-breaking contract to service a more than EUR 1 bn Unlikely to Pay (“UTP”) portfolio highlighting Intrum’s position as the leading Spanish servicer for residential mortgages. In Italy we are also able to add further volumes to several of our servicing contracts. Our transformation program, ONE Intrum, is well on track and the scale up of four global front offices is well ahead of plan covering 14 countries with 302 agents. During the quarter case migrations accelerated and over 2.2 million Spanish cases were smoothly moved in one single migration, which tripled the total number on the new platform. Last but not least, we have further raised our ambition on climate disclosure and declared our support to the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. This reporting framework will support our efforts to reducing emissions, mitigate operational risks and opportunities while increasing transparency versus our stakeholders. In addition, we have started to report the Carbon Disclosure Project (CDP), which evaluates companies’ climate efforts and mitigating actions. After my first year as CEO, these last four quarters have been focused on two things – our transformation program and building the foundation for sustainable organic growth. I strongly believe that the societal megatrends provide a positive setting for continued success, as highlighted by the activity level amongst our clients both with regard to servicing as well as investment opportunities.” Emil Folkesson Director Treasury and Investor Relations ir@intrum.com Intrum Investors Press Newsroom Insight Reports About us Career Markets På svenska Bolagsstyrning Koncernledning Kvartalsrapporter Årsredovisningar Pressmeddelanden Customer Have you received a letter? Tips & advice Business solutions Service portfolio Contact local sales © Intrum 2021 Privacy, cookies & terms Intrum AB (publ) Stockholm, SE - 556607-7581 We use cookies on this website By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Cookie policy Accept All Cookies Reject All Cookie Settings