Intrum AB (publ) (INTRUM) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, from a sunny and seasonably warm Stockholm. As the operator said, this is Anders Rubio. I'm here with Johan Akerblom, our CFO. And thank you for joining us today to go through in a little bit more detail our results for Q2 2025. As usual, Johan and I will make comments based on the presentation, and then we will open it up for Q&A, which some have already lined up their questions. If we can turn to page three, please. Before I get into the specifics on the performance in the quarter that's outlined on this page, it is important, particularly for those of you who follow the company over the longer term, that we recognize that this quarter is the best ebit performance we've had since before we repositioned the company in 23 and actually since 22. it's important to note that back then our business had a very different configuration we then were primarily uh dependent upon our investing business and in fact our portfolio back then was approximately 40 billion today it's 23 billion So what we have over the last two to three years is really our repositioning is bearing fruit. Servicing has taken up the mantle and performed extremely strongly and replaced earnings from what was a business dependent upon borrowing and investing in assets. And we have reconfigured our investing as well to not only include our own investing, but also partnership capital. And so on all fronts, I think our repositioning is starting to really bear fruit. And this is a very important quarter demonstrating that. The other thing that happened, and I would not be I'd be remiss if I didn't mention it before we got into the details of the presentation. And many of you saw it is last night. I'm very happy to report that we closed the recapitalization. know looking back a year ago...