Intrum's shares plunge as servicing segment drives Q3 miss

Intrum AB

Yesterday 08:54

** Shares in Intrum INTRUM.ST drop over 39% after company reported a Q3 core profit miss, weighed down by its servicing unit   
** The Swedish debt collector booked a goodwill impairment of SEK 1.5 billion ($151.05 million) in Germany within the servicing segment, driving a reported net loss of SEK 1,487 million
** Q3 Adjusted EBIT came in at SEK 976 million against company-compiled consensus of SEK 1.083 million
** J.P Morgan notes servicing income was 3% below consensus due to "weakness concentrated in specialized markets driven by continued run-offs" in Greece, Spain and the UK 
** Management expects external servicing income to fall further in 2026 while maintaining targets to reduce leverage to around three times by 2028, the broker adds
** If losses hold, shares are on track for their worst day ever 

($1 = 9.9180 Swedish crowns)


 (Reporting by Agnieszka Olenska)
 ((Agnieszka.Olenska@thomsonreuters.com;))