Intrum AB (publ) INTRUM
Follow Intrum free
Follow free
Email when the signal or risk changes · Sunday weekly brief
No card · No time limit on free tier · Upgrade when you need more
Updated: 13 Sep 2026
Base analysis: 27 Aug 2026
The news check keeps the assessment current.
General analysis — not personal advice.
HOLD
Partly clear
Await the Q2 report before considering any position adjustment.
The balance sheet has been strengthened by the capital raise, but underlying earnings need to show improvement in upcoming reports before the signal can change.
Market sentiment
Negative ↑
Trend: Improving
Sentiment is neutral to mildly positive after refinancing risk was eliminated, but uncertainty remains around earnings growth in Servicing.
Risk assessment
High
Dilution:
Low
Capital raise completed July 2026
Jurisdiction:
Low
Operations in stable European markets
Execution:
Medium
History of writedowns and restructuring
HOLD is the call. Negative is the market mood. High risk means a lot can go wrong.
Latest change
- 29 Aug 2026 — Report confirmed completed capital raise and rating upgrades following lower-than-expected EBIT.
About the company
Intrum is Europe’s leading credit management services company operating in around 20 European markets. The company provides debt collection, invoice purchasing and related financial services while managing large NPL portfolios. Operations are in a restructuring phase focused on deleveraging and a shift to a capital-light model.
Sector:
Credit management and debt collection
Type:
Finance
Next report (Q3)
23 Oct 2026
Catalysts
Q4 2026
Credit rating update
High
Bull case
The capital raise has eliminated acute refinancing risk and the balance sheet is strengthened with upgraded credit ratings.
Bear case
Revenues in Servicing continue to show weakness and EBIT came in below expectations.
Sensitivity analysis
| Factor | If it weakens | If it strengthens |
|---|---|---|
| Servicing margins | Margin compression → slower debt reduction and continued weak profitability. | Stable or rising margins → improved cash flow and faster deleveraging. |
| Portfolio performance | Higher credit losses → further impairments and weaker results. | Lower credit losses → higher recoveries and stronger balance sheet. |
Why this signal
The balance sheet has been strengthened by the capital raise, but underlying earnings need to show improvement in upcoming reports before the signal can change.
Recent news
- Intrum completed the repurchase of senior notes for approximately EUR 216 million and SEK 217 million on 8 September at 94.4 % of par. Nordic Capital sold its remaining stake of over 107 million shares.
Key figures
Revenue
Q2 2026
SEK 4,053M
Revenue TTM
TTM
SEK 16.5B
EBITDA
Q1 2026
SEK 1,942M
Net income
Q2 2026
SEK 178M
Cash
Q1 2026
SEK 3.4B
Total debt
Q1 2026
SEK 48.0B
Gross margin
latest
61.4%
Shares outstanding
post-capital raise
3,181,744,995
EPS
Q2 2026
SEK 0.06
Exchange
Stockholm
Type
Finance
Sector
Credit management and debt collection
Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.