Intrum shares shine after earnings beat

Intrum AB

30/01/2025 08:13

** Shares in Intrum  INTRUM.ST  rise 6% after the Swedish
debt collector delivered better-than-expected quarterly earnings
    ** The company's Q4 adj. EBIT of SEK 1.70 bln ($154.7
mln)and cash EBITDA of SEK 2.92 bln were 12% and 6% above the
company-provided consensus, respectively
    ** Oct-Dec earnings within Servicing were also ahead of
estimates, with expected profitability progression and margin
expansion in 2025
   ** "Overall, the underlying EBIT margin improvement in
Servicing should be taken well by investors today," J.P.Morgan
says 
    ** But the brokerage adds that the margin's sustainability
will have to be proven in subsequent quarters, especially in
light of meaningful extraordinary costs

($1 = 10.9915 Swedish crowns)

 (Reporting by Izabela Niemiec)
 ((Izabela.niemiec@thomsonreuters.com))