Intrum profit falls more than
Photo: Christine Olsson/TT

Intrum profit falls more than expected in second quarter

Credit management company Intrum reports an adjusted operating profit of SEK 1.15 billion for the second quarter of this year. This is a 17 percent decline in profit compared with the second quarter of last year.

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Profit fell more than expected. Analysts had on average expected a profit of SEK 1.24 billion, according to Bloomberg.

Revenues fell 4 percent to SEK 4.05 billion.

The report comes after a new share issue that raised SEK 7.5 billion in July, combined with a sale of assets for SEK 2.4 billion.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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