Intrum announced today their CEO Mikael Ericson is to step down with immediate effect and the current CFO Anders Engdahl is to take over. In addition, they pre-announced a set of very solid Q3 figures and more importantly trends for higher revenue growth and profitability. We have increased our 2020e/2021e/2022e EPS 30%/6%/4% and lift our target price to SEK 275 (260). We continue to have Intrum as our top pick amongst the debt collectors.
18 Oct 2020
Armor strong Q3 result, we increase TP
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Armor strong Q3 result, we increase TP
Intrum AB (INTRUM:OME) | 0 0 0.0%
- Published:
18 Oct 2020 -
Author:
Joakim Svingen | Roy Tilley -
Pages:
11
Intrum announced today their CEO Mikael Ericson is to step down with immediate effect and the current CFO Anders Engdahl is to take over. In addition, they pre-announced a set of very solid Q3 figures and more importantly trends for higher revenue growth and profitability. We have increased our 2020e/2021e/2022e EPS 30%/6%/4% and lift our target price to SEK 275 (260). We continue to have Intrum as our top pick amongst the debt collectors.