Intrum AB CEO comment on Q3 '24 financial results

Intrum delivers steady financial performance in third quarter and makes significant progress towards key financial targets and comprehensive recapitalisation.Andrés Rubio, President & CEO of Intrum AB comments on the financial results.

Highlights:
- Continued expansion of Servicing margin and stable collections in Investing business, despite cyclically slow nature of quarter
- Progress on capital light strategy with five transactions agreed as part of the investment partnership with Cerberus
- Cost reduction programme on target and delivering meaningful impact
- Significant progress on recapitalisation having achieved overwhelming support from creditors; now focused on implementation of transaction