Intrum stock plunges 39% in biggest drop since June on Q3 loss

Investing.com -- Swedish debt collector Intrum AB's shares plunged as much as 39% on Friday, marking their biggest single-day drop since June 3, after reporting a third-quarter net loss of SEK 1.49 billion, driven by missed adjusted operating profit expectations and a 7% year-on-year decline in servicing revenue.

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Total income was SEK 3.82 billion, compared with consensus of SEK 3.94 billion and SEK 4.06 billion a year earlier. The company said the year-on-year decline was primarily driven by lower servicing fee income, which fell 7%.

Adjusted operating profit was SEK 976 million, against consensus of SEK 1.083 billion and SEK 1.234 billion a year earlier.

Reported EBIT was a loss of SEK 266 million, compared with consensus for a profit of SEK 1.515 billion.

The quarter included a SEK 1.52 billion goodwill impairment linked to continued forecast losses in Germany.

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External servicing income fell to SEK 2.743 billion from SEK 2.916 billion a year earlier, with the company attributing the decline to weakness in specialised markets.

Adjusted EBIT in the Servicing business was SEK 752 million, matching consensus and compared with SEK 742 million a year earlier.

Investing income was SEK 1.08 billion, versus consensus of SEK 1.09 billion. Adjusted EBIT in the Investing business fell to SEK 408 million from SEK 625 million a year earlier, reflecting a smaller investment book and a reduced contribution from joint ventures.

Intrum invested SEK 617 million in portfolios during the quarter, compared with consensus of SEK 271 million.

Net financial expenses were SEK 948 million, compared with consensus of SEK 1.087 billion.

The servicing leverage ratio fell to 4.5 times from 5.7 times at the end of 2025 after the capital raise and sale of an associate. Intrum said full-year external servicing income was expected to be lower than in 2025.

Original Article

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