Intrum AB (publ) (INTRUM) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

So 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 will move forward to the rights issue or the capital race. 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's 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 uh i think one of the important highlights obviously not part of the quarter but that's been announced today is that we have a fully guaranteed capital raise of seven and a half billion which will help us accelerate uh but we'll talk about more about that later moving on to the servicing I mean, margins quarter this quarter versus last year's Q1 are slightly up. So we move from 20 to 21. The rolling 12 remains at 25%. We do have organic growth in our traditional markets. They continue to grow on aggregate. But it doesn't fully offset the natural decline that we have in the specialized markets. Our client satisfaction index remains high. And we continue with a strong cost discipline. Cost levels are now 10% lower year on year. We have an 11% increase in rolling through months on the adjusted EBIT compared to Q1. And...