Intrum Justitia adjusts cost allocation principle

Intrum Justitia AB 

27.03.2012 10:00

Dissemination of a Adhoc News, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Effective from 2012, Intrum Justitia will apply a new principle regarding the
allocation of shared expenses between the Group's two services lines, Credit
Management and Financial Services. The results of the service lines have
previously included an allocation of the majority of the Group's shared
expenses. According to the new principle, only expenses that can directly be
attributed to one of the service lines will be included in that service line's
results, such as production expenses, IT expenses and sales expenses. Expenses
of a more shared nature, mainly for marketing and administration, will not be
allocated to the service lines, but will instead be reported as shared
expenses. 

'Our assessment is that this change will provide a more accurate view of the
Group's profitability based on its service lines. Operations within Credit
Management and Financial Services are conducted uniformly in each region within
the framework of our geographical organization, which means that results
reported for the service lines including a lower share of allocated expenses
are more relevant,' says Erik Forsberg, CFO at Intrum Justitia. 

The change in principle does not affect the Group's reporting of its total
operating result or the reporting for the geographical regions, but only the
reporting of results divided between Credit Management and Financial Services. 

Intrum Justitia will today publish historical quarterly figures for 2011 and
2010 in which the operating results for Credit Management and Financial
Services have been recalculated in accordance with the new principle. The
figures will be available at www.intrum.com under the tab Investor Relations >
Financial facts > New cost allocation. 


For further information, please contact:

Erik Forsberg, CFO
Tel: +46 (0)8 - 546 102 02

Annika Billberg, IR & Communications Director
Tel: +46 (0)70-267 97 91, e-mail: a.billberg@intrum.com



Intrum Justitia is Europe's leading Credit Management Services (CMS) group,
offering comprehensive credit management services, including Purchased Debt,
designed to measurably improve clients' cash flows and long-term profitability.
Founded in 1923, Intrum Justitia has some 3,300 employees in 20 markets.
Consolidated revenues amounted to SEK 4 billion in 2011. Intrum Justitia AB has
been listed on the NASDAQ OMX Stockholm exchange since 2002. For further
information, please visit www.intrum.com
News Source: NASDAQ OMX



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Language:     English
Company:      Intrum Justitia AB
              
               
              Sweden
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         SE0000936478
WKN:          
 
End of Announcement                             DGAP News-Service
 
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