STOCKHOLM, Sweden, Aug. 19, 2003 (PRIMEZONE) -- Intrum Justitia (Other OTC:INJJF) Interim Report, first half-year 2003:
- Revenues increase 7 percent
- Consolidated revenues grew by 7% to SEK 1,419.7 M (1,331.8) in the first half-year, with SEK 702.1 M (675.4) generated in the second quarter 2003
- Intrum Justitia returned a net deficit of SEK -3.1 M (39.8) in the first half-year; the net deficit in the second quarter was SEK -9.3 M (13.8); earnings include items affecting comparability of SEK 121.0 M (0.0)
- Earnings per share for the first half-year were SEK -0.04 (0.83)
- Cash flow from operating activities in the first-half year 2003 was SEK 84.6 M (61.0)
- Intrum Justitia reiterates its view that deficiencies in accounting in English operations exerted a negative earnings effect of SEK 80 M before tax
- Organic growth for full year 2003, excluding the English operation, expected to reach 6%
For further information, please contact: Jan Roxendal, President & CEO Tel: +46 8 546 10 200
Bertil Persson, Vice President & CFO Tel: +46 8 546 10 200
Anders Antonsson, Investor Relations Tel: +46 8 546 10 206, mobile: +46 70 336 7818
Intrum Justitia AB (publ) SE-105 24 Stockholm Sweden Tel: +46 8 546 10200, fax: +46 (0)8 546 10 211
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http://www.waymaker.net/bitonline/2003/08/19/20030819BIT01050/wkr0001.doc
The full report
http://www.waymaker.net/bitonline/2003/08/19/20030819BIT01050/wkr0002.pdf
The full report