Intrum AB (publ) (INTRUM) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

good morning everyone this is Anders Rubio good morning from a blue sky and sunny although probably a bit chillier than everyone would hope Stockholm I'm here, as the moderator said, with Johan, our CFO, and thank you for dialing in to our quarterly results call. I'm also happy, before I jump into the results, to say that, as usual, Jakub Heselvik from SEB is first in line for questions, and we will be going through the business over the next call at 20 to 30 minutes, then opening it up for questions. And I see that not only him, but many others have already lined up for questions. We look forward to that. If we can turn please to the first page, page three of the presentation. The first quarter is a good set of numbers. As you can see in the top left, on an overall basis, our EBIT has more than doubled to more than a billion. We have continued our focus on cost. We'll get into more of that later. And we have produced a positive net income quarter for the first time since 2023. That's a very important indicator that all of our collective efforts to refocus the business, refine the strategy, cut costs, become more effective and more efficient are starting to flow to the bottom line. um our leverage ratio is stable as a result of many different factors which johan will go through later but the real drivers of the business are the servicing and investing so on servicing our income was slightly down i'll address that a little bit more later but our ebit on both an reported basis and adjusted basis are significantly up year on year this is driven by the margin improvement As you can see here, our margin in the quarter was 21% in the first quarter of 25. In the equivalent first quarter of 24, it was 9%. Not only is that an absolute increase that's very significant, 12 perc...