Intrum Justitia has announced results for Q4 and full year 2013 revenues, for the period ending December 31, 2013

Q4 2013:

• Revenues were SEK 1,231m (~$196.9m), up 17% y/y. Organic growth was 9%.
• EBIT was SEK 340m (~$54.4m), a margin of 27.6%, up 576 bps y/y.

Q4 revenues (and y/y growth) by service line was:

• Financial Services (formerly purchased debt) SEK 495m (+46%)
• Credit management services SEK 927m (+6.8%)

EBIT by geography (excl. purchased debt) was:

• Financial Services SEK 273m, a margin of 55.2%
• Credit management services SEK 219m, a margin of 23.6%

Q4 revenue (and y/y growth) by geography (excl. purchased debt revaluations) was:

• Northern Europe (Denmark, Estonia, Finland, Latvia, Lithuania, Norway, Poland, Russia, Sweden): SEK 573m (+5.3%)
• Central Europe (Switzerland, Slovakia, Czech Republic, Germany, Hungary, Austria): SEK 312m (+20.5%)
• Western Europe (Belgium, France, Ireland, Italy, Netherlands, Portugal, Spain, U.K.): SEK 346m (+16.5%)

EBIT by geography (excl. purchased debt revaluations) was:

• Northern Europe (Denmark, Estonia, Finland, Latvia, Lithuania, Norway, Poland, Russia, Sweden): SEK 208m, a margin of 36.3%
• Central Europe (Switzerland, Slovakia, Czech Republic, Germany, Hungary, Austria): SEK 69m, a margin of 22.1%
• Western Europe (Belgium, France, Ireland, Italy, Netherlands, Portugal, Spain, U.K.): SEK 63m, a margin of 18.2%.

Full year 2013:

• Revenue were SEK 4,566m (~$730.6m), up 12.6%. Organic growth was 10%.
• EBIT was SEK 1,207m (~$193.1m), a margin of 26.4%, up 476 bps y/y.

Full year 2013 revenues (and y/y growth) by service line was:

• Financial Services (formerly purchased debt) SEK 1791m (+47.7%)
• Credit management services SEK 3469m (+3%)

EBIT by geography (excl. purchased debt) was:

• Financial Services SEK 969m, a margin of 54.1%
• Credit management services SEK 823m, a margin of 23.7%

Full year 2013 revenue (and growth) by geography (excl. purchased debt revaluations) was:

• Northern Europe (Denmark, Estonia, Finland, Latvia, Lithuania, Norway, Poland, Russia, Sweden): SEK 2,181m (+10.2%)
• Central Europe (Switzerland, Slovakia, Czech Republic, Germany, Hungary, Austria): SEK 1,090m (+15%)
• Western Europe (Belgium, France, Ireland, Italy, Netherlands, Portugal, Spain, U.K.): SEK 1,299m (+7.2%)

EBIT by geography (excl. purchased debt revaluations) was:

• Northern Europe (Denmark, Estonia, Finland, Latvia, Lithuania, Norway, Poland, Russia, Sweden): SEK 725m, a margin of 33.2%
• Central Europe (Switzerland, Slovakia, Czech Republic, Germany, Hungary, Austria): SEK 268m, a margin of 24.6%
• Western Europe (Belgium, France, Ireland, Italy, Netherlands, Portugal, Spain, U.K.): SEK 218m, a margin of 16.8%.