Intrum

Did you miss the latest insights from Intrum's European Payment Report? In this 4 minute video, our President and CEO Andrés Rubio comments on the main findings from this year’s survey.   💡 Corporate cost-cutting at a four-year high despite growing economic optimism   💡 European companies are waiting on receivables of at least €10.5 trillion. How confident can they be that this enormous sum will be paid on time and in full?   💡 AI enthusiasm is growing as executives consider applications throughout the business, including back office.   Download the full report here: https://lnkd.in/d59BCrvQ

Earlier this morning, following Intrum's announcement of our Q2 financial results, President & CEO Andrés Rubio appeared on CNBC to discuss the latest developments, our progress towards a capital-light business model, and the current macroeconomic situation still putting pressure on consumers.

We announced Intrum's financial results for the first half of 2024 today. Andrés Rubio, Intrum’s President & CEO, comments: “In the second quarter, we made strong progress in executing our capital-light strategy, with the sale of assets to Cerberus and the term sheet we signed relating to future investments. These developments are the start of our journey as we grow our highly cash-generative Servicing revenue and pivot towards a capital-light business model and evolve into becoming an investment manager. I am pleased to see the strong performance of our Servicing business with positive topline development driven by increased commercial activity, combined with increased margins leading to performance improvement across all of our regions. In parallel, our Investing business showed continued resilience and strong cash generation despite operating in a challenging economic environment.”

Tomorrow, July 18, we will announce Intrum's financial results for the second quarter of 2024. Welcome to listen in to the presentation at 09:00 a.m. CET, where Andrés Rubio, President & CEO, and Emil Folkesson, Interim CFO & IR Director, will comment on the latest developments.

This video discusses the impact of AI on our economy, focusing on capital and labor growth, productivity trends, and investments. It explores how AI can drive future growth despite current challenges and mixed expectations from researchers and businesses: https://lnkd.in/ewzx7z8c

How will Generative AI shape the future of our economy? Our Senior Economist Anna Zabrodzka-Averianov has delved into how GenAI is revolutionising productivity and reshaping the economic landscape. In our new edition of Economy in Focus, you’ll discover: 📍 The impact of AI on productivity and growth: Explore how advancements in AI are driving significant increases in labour productivity and potentially reversing recent economic slowdowns. 📍 Challenges and risks associated with AI: Understand the ethical, security, and competitive challenges that accompany widespread AI adoption and how they influence global and local markets. 📍 Future outlook and strategic actions: Gain insights into the future trajectory of AI development and the critical actions required for businesses and economies to leverage AI effectively and ethically. Download today: https://lnkd.in/dnn-Cc3f

Today we are publishing Intrum's European Payment Report (EPR), our annual study for gaining updated insights related to late payments, invoice payment practices, and overall financial risks. In total, 9,255 companies across 15 industry sectors participated in the research. Here's what you need to know: 📍 Executives are cautiously optimistic, but economic conditions are challenging, leading to increased focus on cost-cutting: two in five (41%) plan to cut costs this year, highest seen since 2021. 📍 Businesses are losing more than a quarter of the working year (73 working days) chasing late payments 📍 European business are owed €10.5 trillion in outstanding payments (30% of total GDP and close to the combined GDPs of France, Germany and the UK) 📍AI enthusiasm is growing as executives consider applications throughout the business: half say that AI could help them to manage late payments. 👉 Download the full report on intrum.com/epr2024

Earlier this morning, in time for Intrum's Q1 announcement, President & CEO Andrés Rubio was interviewed by Gabriel Mellqvist from Dagens Industri on DiTV. They discussed the financial results, additional measures to further cut costs and improve margins, and the acceleration of commercial activity which saw a notable increase of 11 percent in signed annual contract value compared to Q1 '23. Listen to the full interview (in English):

Welcome to listen in to Intrum's presentation of our Q1 financial results, today at 9:00 a.m. CET. Our President & CEO, Andrés Rubio and Emil Folkesson, Interim CFO & Investor Relations Director, will present the results and comment on recent developments.

Today we announced our financial results for the first quarter 2024, as seasonally soft quarter in line with expectations. Intrum’s President & CEO, Andrés Rubio says:   “During the quarter we continued to focus our efforts on achieving our goals and stated strategic direction. We have taken the necessary steps to optimise our capital structure, continued to cost-cutting measures while ensuring continued commercial improvement to our underlying business. So far in 2024 the value of signed annual contract (ACV) increased with 11 percent compared to Q1 ’23. In late March we launched Ophelos in Netherlands – which is a major step towards enhancing the development of automated services and a more profitable platform. “   Find more details in the press release: