Intrum Justitia has entered into an agreement to acquire Advis A/S, a leading
credit management company in Denmark. Advis A/S is a market leader in the
telecom sector, with a good presence also in the media and utility segments. The
company has about 60 employees and 2013 revenues of about 57 MDKK. During 2012
and 2013, Advis A/S has reported annual revenue growth of close to 20%, with
EBITDA margins of about 22%.
“This transaction is in line with Intrum Justitia’s strategy of strengthening
our credit management business through acquisitions. Through Advis A/S, we will
broaden our Danish customer base, gain access to data in new client segments and
improve efficiency in operations through economies of scale,” says Lars Wollung,
President & CEO of Intrum Justitia.
The acquisition is expected to be completed during October. The purchase price
payable at closing is 145 MDKK on a cash and debt-free basis.
For further information, please contact:
Erik Forsberg, CFO
Tel: + 46 8 546 102 02
Intrum Justitia is Europe’s leading Credit Management Services (CMS) group,
offering comprehensive services, including purchase of receivables, designed to
measurably improve clients’ cash flows and long-term profitability. Founded in
1923, Intrum Justitia has some 3,600 employees in 20 markets. Consolidated
revenues amounted to about SEK 4.6 billion in 2013. Intrum Justitia AB is listed
on NASDAQ OMX Stockholm since 2002. For further information, please visit
www.intrum.com
