Debt collector Intrum's Q3 earnings miss estimates (updated)

Intrum AB

23/10/2024 06:11

(Adds adjusted operating profit figure in paragraph 2,
background in paragraph 3)
       Oct 23 (Reuters) - Europe's largest debt collector
Intrum  INTRUM.ST  reported third-quarter earnings below
expectations on Wednesday, amid its drive to restructure its own
finances. 
    Its adjusted operating profit fell 5% to 951 million Swedish
crowns ($90.21 million) from 1.00 billion crowns a year earlier.
That missed analysts' expectations of 1.04 billion crowns, a
company-provided poll showed.
    Intrum shares have taken a 40% hit since the start of the
year, as investor concerns mounted over the manager of bad
loans' own debt pile, which stood at some 49 billion crowns at
the end of September.        

($1 = 10.5419 Swedish crowns)

 (Reporting by Greta Rosen Fondahn; Editing by Jacqueline Wong)
 ((Greta.RosenFondahn@thomsonreuters.com))