Intrum AB - Year-end announcement 2022

STOCKHOLM, Jan. 26, 2023 /PRNewswire/ --

• Strong finish to the year, especially within Strategic Markets and Portfolio Investments segments          
• In CMS we saw increasing inflows, predominantly from lower balance, lower margin invoices          
• All segments contributed positively to cash revenues growth for the full year           
• Cash revenues increased 12 per cent and cash EBITDA 2 per cent, while cash EBIT decreased 11 per cent in Q4 '22 compared to Q4 last year           
• Leverage ratio remains at 4.0x, negative impact from depreciating currency compared to last year           
• Capital Markets Day to be held during the second quarter `23 to detail key themes and present updated targets

Financial results in brief, October-December 2022 (October-December 2021)          

• Cash revenues increased to SEK 6,759 M (6,053)
• Adjusted EBIT decreased to SEK 1,928 M (2,355)
• Cash EBIT amounted to SEK 1,943 M (2,171)
• Q4 Cash EPS was SEK 8.56 (13.93)
• Q4 Cash RoIC decreased to 10.3 per cent (12.0)
• Available liquidity at the end of the quarter was SEK 16.9 bn (19.5)     

Full year 2022 (full year 2021)           

• Cash revenues increased to SEK 24,627 M (22,215)
• Adjusted EBIT decreased to SEK 6,664 M (7,014)
• Cash EBIT amounted to SEK 6,344 M (6,343)
• Cash EPS was SEK 24.76 (28.98)
• Cash RoIC decreased to 8.4 per cent (8.9)
• Net debt/full year cash EBITDA stable at 4.0x (3.9x)        

Dividend proposal
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 M (1,632).

Presentation of the interim report
Andrés Rubio, President & CEO and Michael Ladurner, CFO, will present the results and answer questions in a webcast with telephone conference at 9:00 a.m. CET. The conference will be held in English.

To participate via webcast, please use this link
To participate via teleconference, please register here

Comment by President & CEO Andrés Rubio