The financially strained debt collection company Intrum reports a loss before tax of 1,372 million kronor for the second quarter of the year. This can be compared to a profit of 125 million kronor for the same period last year.
The operating result increased to 1,024 million kronor, up from 704 million kronor a year earlier.
Revenue also increased, to 4,607 million kronor. This was an increase of 6 percent compared to last year.
Prior to the report, Intrum has, among other things, entered into a new investment agreement with a subsidiary of Cerberus Capital Management and sold an investment portfolio, which brought in 7.2 billion in liquid funds.
"These measures are concrete progress in the comprehensive review of the capital structure that we initiated during the previous quarter," says CEO Andrés Rubio in the report.
Intrum's share has fallen by over 40 percent since the turn of the year.
