Fourth quarter, October-December 2020

• Cash Revenues amounted to SEK 5,601 M (5,751). 
• Cash EBITDA amounted to SEK 3,124 M (3,063).
• Cash EBIT amounted to SEK 1,523 M (1,419). 
• Cash RoIC was 8.7 per cent (7.7) for the quarter.
• The leverage ratio fell to 4.0x (4.3x) for the quarter. 
• Available liquidity at the end of the quarter was SEK 17 billion.
• Adjusted EBIT amounted to SEK 1,611 M (1,821). Items affecting comparability totalled SEK -411 M (-3,958).

Full year 2020

• Cash Revenues amounted to SEK 21,377 M (20,160).
• Cash EBITDA amounted to SEK 11,607 M (11,444).
• Cash EBIT amounted to SEK 5,580 M (4,618).
• The Cash ROIC for the full year increased to 7.7 per cent (6.4).
• Adjusted EBIT amounted to SEK 5,738 M (6,208). Items affecting comparability totalled SEK -1,043 M (-4,148). 
• The year's adjusted portfolio investments amounted to SEK 5,129 M (7,556). The annual investment pace was at replenishment level and made at returns above pre-Covid levels. The return on portfolio investments was 12 per cent (15). 
• Cash EPS amounted to SEK 26.96 (14.81) for the full year.

Dividend proposal

The Board of Directors of Intrum AB proposes that the Annual General Meeting distribute a dividend to the shareholders of SEK 12.0 per share (11.0), corresponding to a total of SEK 1,450M (1,332).

Presentation of the year-end announcement

Anders Engdahl, President & CEO, and Michael Ladurner, CFO, will present the results and answer questions in an audio cast with telephone conference on January 28, 2021 at 9:00 a.m. CET. The conference will be held in English.

To listen in to the conference live, please dial:

+46 8 566 427 05 (SE)
+44 333 300 9272 (UK)
+1 833 249 8403 (US) 

Link to audio cast

Comment by President and CEO Anders Engdahl

“The fourth quarter continued to highlight the resilience of our business in the context of the second wave of the pandemic, in aggregate leading to a somewhat stronger than expected finish to a challenging year. Under these circumstances, I am very pleased that we have managed to deliver a cash EBIT up 7 per cent for the quarter and 21 per cent year on year. 

We remain optimistic as regards the medium-term outlook for Intrum. In the short term we see continued heightened uncertainty but as pandemic effects recede, we expect both normalisation and increased demand for our services and supply of portfolios at attractive returns to support the outlook.

At Intrum’s Capital Markets Day in November 2020 we presented our transformation program - ONE Intrum. The creation of ONE Intrum entails implementing one global digital end-to-end collection process based on a common global infrastructure. During Q4 2020, the central production platform became available for all our SME clients, which is a great initial step demonstrating the global capabilities and impact ONE Intrum will have for our clients. 

I look forward to the next steps on this very exciting transformation journey to ONE Intrum which will set a new industry standard. Tomorrow’s Intrum will be a simple, scalable, digital, relevant and growing company.”
 

For further information, please contact:
Emil Folkesson, Director Treasury & Investor Relations
+46 8 546 102 02
ir@intrum.com

This information is such information that Intrum AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 07.00 CET on 28 January 2021.