· Consolidated net revenues for the second quarter of 2014 amounted to SEK 1,301 M (1,152). · Operating earnings (EBIT) amounted to SEK 372 M (301). The operating earnings include positive revaluations of purchased debt portfolios amounting to SEK 23 M (6). · The operating margin was 29 percent (26), including revaluations of purchased debt portfolios. · Net earnings for the quarter amounted to SEK 252 M (206) and earnings per share were SEK 3.23 (2.57). · Disbursements for investments in purchased debt amounted to SEK 537 M (597). · Cash flow from operating activities amounted to SEK 570 M (530). Comment by President and CEO Lars Wollung Intrum Justitia performed well during the second quarter 2014. Consolidated revenues rose by 13 percent and operating earnings, adjusted for revaluations of purchased debt portfolios and currency effects, increased by 14 percent compared with the year-earlier period. Earnings per share have risen 28 percent over the past 12-month period, which is well above our financial target of a 10-percent annual increase. In the second quarter we also strengthened our long-term financial flexibility by issuing bonds of SEK 1 billion, as well as by improving several of the terms for our bank financing. As in the first quarter, the Western Europe and Central Europe regions experienced healthy growth in the second quarter. We are seeing a strong trend within purchased debt in Central Europe, while Western Europe has performed well primarily within Credit Management. Northern Europe has also improved its result compared with the year-earlier period, largely owing to revaluations of purchased debt and through enhanced cost efficiency. Our Financial Services line continues to perform well as a consequence of increasing levels of investment for purchased debt over the past few years, with revenues excluding currency effects rising by 16 percent in the second quarter. Good collections and positive revaluations during Q2 generated a return on purchased debt of 21 percent. The level of investment for purchased debt totaled SEK 537 M for the second quarter. Investments for the first half of 2014 were 19 percent down on the year-earlier period, which was very strong. The Credit Management service line saw an improvement in revenues and profitability compared with the year-earlier period, chiefly due to contributions from acquired units and increased volumes from our own portfolios. Within Credit Management we focus our efforts on improving collection efficiency and boosting growth from external clients. We are continuing to develop services involving financing solutions before receivables mature, or in connection with their maturing. This business is a small part of the Group at present, but has good long-term potential to grow and strengthen our existing business. Swedish and Finnish factoring operations developed as planned. Our initiative in the Netherlands to offer a financing solution for e-trade has had a disappointing performance and we are therefore investigating other alternatives for this operation. To improve cost efficiency and strengthen cooperation with our other organization we have also included the operations for financing solutions before an invoice matures within the existing regional organization. Presentation of the Interim Report The interim report and presentation material are available at www.intrum.com/Investor relations. President & CEO Lars Wollung and Chief Financial Officer Erik Forsberg will comment on the report at a teleconference today, starting at 9:00 a.m. CET. The presentation can be followed at www.intrum.com and/or www.financialhearings.com. To listen in to the conference live, please dial +44 (0) 20 766 020 81 (UK) +46 (0) 8 519 993 65 (SE). For further information, please contact Lars Wollung, CEO & President Tel: +46 8 546 102 02 Erik Forsberg, CFO Tel: +46 8 546 102 02 Intrum Justitia is Europe’s leading Credit Management Services (CMS) group, offering comprehensive services, including purchase of receivables, designed to measurably improve clients’ cash flows and long-term profitability. Founded in 1923, Intrum Justitia has some 3,600 employees in 20 markets. Consolidated revenues amounted to about SEK 4.6 billion in 2013. Intrum Justitia AB is listed on NASDAQ OMX Stockholm since 2002. For further information, please visit www.intrum.com
INTERIM REPORT JANUARY–JUNE 2014 Consolidated net
Top 10 Most Recent News Articles
CVS Study: GLP-1 Drugs Effective But Costly
Can GLP-1s Deliver Value at Their Current Price? Alright, folks, here's a real-world gut check from CVS Health. They crunched some numbers using Aetna's anonymized claims data, and the results are eye-opening. These GLP-1s are showing promising health outcomes—lower hospital visits, better clinical results, yada yada. But when it comes to savings, they ain't quite...
Continue Reading
D-Wave Quantum Hit with Securities Fraud Lawsuit
A Legal Quagmire for D-Wave Quantum Investors Securities fraud lawsuits are like light in a dark alley—you need them when the truth's been stashed out of sight, but they illuminate the dirty and damp parts of investment strategies nobody wants to talk about. Right now, D-Wave Quantum Inc. is smack dab in the middle of such litigious action. If you had the misfortune of...
Continue Reading
Employment Law Suit Hits ABC: Alleged Wage Violations
ABC Under Fire for Labor Code Violations You know it's a rocky road when a company like American Broadcasting Companies, Inc. lands itself in hot water with accusations riding high on labor law violations. People yapping about lunch breaks? Well, that’s the ball game here. Meal and Rest Break Controversies According to a recent lawsuit filed by Blumenthal Nordrehaug...
Continue Reading
HONGQI's EHS4 Launch in Europe: Bridging East and West
Revving Up a New Chapter: HONGQI in Venice There's a new player in the European automotive scene, and it's rolling in with more style than a Venetian gondola. HONGQI, a name that's been turning gears in China since '58, is packing its suitcases full of Eastern elegance and landing straight in Venice with the all-electric EHS4. On November 16, the brand is set to unveil...
Continue Reading
InstaHeat 35K: FOGATTI Offers Upgraded RV Furnace Control
Winter RV Trips Just Got Cozier There's nothing quite like hitting the open road in an RV during the winter months. But let's face it, nobody wants to return to a cabin that's as frigid as the great outdoors. Here's where FOGATTI steps up its game with the InstaHeat Ultra 35K RV Furnace. They’ve tinkered with the thermostat to iron out more precise control, just in time...
Continue Reading
Championing Change: USTA Mid-Atlantic Gala's Impact
A Night to Remember: USTA Mid-Atlantic's Gala Who would've thought tennis could wield such transformative power? This ain't your average sport gala. Last Saturday, a crowd of over 300 gathered at the Ritz-Carlton Tysons Corner for the USTA Mid-Atlantic Foundation's 2026 Tennis Creates Gala. Hosted by the formidable Malika Andrews, this event wasn't just a fancy...
Continue Reading
KINGRVER Boosts RV Comfort with New Water Heater Lineup
An Upgrade for the Open Road In the land of RV living, comfort is king—or in this case, KINGRVER. Dropping affordable upgrades for water heaters into the world of RVs, KINGRVER's CT6 lineup is like a warm hug on a chilly campsite morning. Whether you've pulled up to a wooded retreat or parked under the vast desert sky, having dependable hot water shouldn't be a gamble....
Continue Reading
Viking Ventures: Impacts of VK2735 on Obesity Examined
Viking Therapeutics Reveal Surprising Data on VK2735 The latest from Viking Therapeutics' camp is giving obesity some serious food for thought, with new data making waves at the ObesityWeek® 2026 meeting. Their investigational dual agonist, VK2735, seems to be shaking things up, as early phase clinical data shows an impressive 74% of participants managed to improve at...
Continue Reading
EZaccessMD Data Breach: Class Action Lawsuit Looms
Data breaches are the bogeyman no one wants lurking in the shadows, and when it’s your personal info at stake, folks rightfully squirm. This recent fiasco at EZaccessMD is one of those unsettling incidents. The word on the street isn't pretty: sensitive medical data has slipped through the cracks, leaving Edelson Lechtzin LLP, a heavyweight in class action maneuvers, to...
Continue Reading
Novo's CagriSema Trials Show Promising Weight Loss
Decoding CagriSema's Promise Let me tell you, when those corporate folks from Novo Nordisk announce something big like their investigational drug CagriSema at ObesityWeek® 2026, it’s time to take notice. This isn’t just your average press release about some new weight loss fad. We’re talking about a phase 3 REDEFINE 1 trial that opens up a treasure chest of data...
Continue ReadingTop 5 Most Recently Viewed Articles
Exploring AI's Impact on CRM Visibility and Brand Trust
Understanding the Role of AI in CRM Visibility Brandi AI has recently launched its AI Visibility Index series, which offers insightful measurements of how industries are perceived in AI-generated responses. This new series highlights the ways in which customer relationship management (CRM) brands are represented through the lens of advanced AI answer engines. The AI...
Continue Reading
Celldex Therapeutics Thrives Amid Developments with Briquilimab
Overview of Celldex Therapeutics and Briquilimab Celldex Therapeutics (NASDAQ: CLDX) is navigating an exciting phase as it explores treatments for chronic conditions like Chronic Inducible Urticaria (CIndU). Analysts have closely observed the efficacy of briquilimab, highlighting its performance through recent studies. Analyst Insights on Celldex and Briquilimab Goldman...
Continue Reading
XPENG's Financial Success in Q3 2024: Key Insights Revealed
XPENG's Journey in the Third Quarter of 2024 XPeng Inc. (“XPENG” or “the Company,” NYSE: XPEV and HKEX: 9868) recently disclosed its financial results for the third quarter ended September 30, 2024. This marks a significant period showcasing growth in revenues and vehicle deliveries, reflecting the company's robust strategy in the smart electric vehicle market....
Continue Reading
Apple Inc. Beats Earnings Expectations: Analysts React
Apple Inc. Overcomes Challenges with Strong Quarterly Results Apple Inc.‘s latest quarterly performance has generated significant buzz in the tech world. Analysts reveal that the results showcase a resilient company navigating through various market challenges. This performance not only reflects strong sales of products like the iPhone but also highlights impressive...
Continue Reading
Class Action Alert: Investors Have Rights with AMMO, Inc.
Class Action Lawsuit Against AMMO, Inc. In a proactive move for investors, Bronstein, Gewirtz & Grossman, LLC has announced a class action lawsuit against AMMO, Inc. (NASDAQ: POWW). This suit comes in light of significant losses experienced by investors in the company due to alleged misstatements and omissions regarding its business practices. Understanding the Class...
Continue Reading