Intrum AB (OTCPK:ITJTY)
$ 2.95 -0.050 (-1.67%) Market Cap: 1.99 Bil Enterprise Value: 6.74 Bil PE Ratio: 0 PB Ratio: 0.18 GF Score: 54/100

Q1 2026 Intrum AB Earnings Call Transcript

May 07, 2026 / 07:00AM GMT
Release Date Price: $3 (-23.08%)
Johan Akerblom
Intrum AB - President and Chief Executive Officer

Good morning, everyone. It's been a busy morning. We have a lot of things to cover in this call. We will start with the Q1 presentation and then we'll move forward to the rights issue or the capital raise. I think we will go through both of them and then we'll move into Q&A rather than to pause in between.

So if we start with the first quarter highlights for '26, and again, this is the first quarter of our strategic execution, which has an end date, which is 2030, but I think we think that we are moving according to plan. I mean, if we look at the P&L, we are ahead on the cost reductions and the servicing income is slightly behind. And a lot of FX effects in there.

The service leverage is largely unchanged and the overall leverage is slightly down, but it is supported by the consolidation of Savoy Group. And we think that there will be further improvements to come in Q2 when we close the portfolio, if we would close the portfolio sale announced in January.

I think one of the important highlights,

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