Sweden's Intrum hits seven-month high after earnings beat

Intrum AB

07/05/2025 08:34

** Shares in Intrum INTRUM.ST rise nearly 20% after the Swedish debt collector beat earnings estimates

** The stock, on track for its best day in 10 months, hits its highest since October 2024

** Q1 adjusted EBIT came in at SEK 1.098 billion ($114.5 million) compared to SEK 1.008 billion seen in a company-compiled consensus

** J.P. Morgan notes that adjusted EBIT within servicing business beat consensus by 34%

** The brokerage says the group's earnings beat was driven by lower costs, which points to better delivery of cost efficiencies than expected

($1 = 9.5911 Swedish crowns)

 (Reporting by Izabela Niemiec, Jagoda Darlak)

 ((Jagoda.Darlak@thomsonreuters.com; +48 58 769 65 40;))