Intrum Justitia has announced Q1 2014 results.

• Revenues were SEK 1,204m (~$180.6m), up 14.9% y/y
• EBIT was SEK 283m (~$42.5m), a margin of 23.5%, up 99 bps y/y.

Q1 revenues (and y/y growth) by service line was:

• Financial Services (formerly purchased debt) SEK 485m (+25%)
• Credit management services SEK 908m (+11.5%)

EBIT by geography (excl. purchased debt) was:

• Financial Services SEK 264m, a margin of 54.4%
• Credit management services SEK 178m, a margin of 19.6%.

Q1 revenue (and y/y growth) by geography (excl. purchased debt revaluations) was:

• Northern Europe: SEK 578m (+13.8%)
• Central Europe: SEK 339m (+34.5%)
• Western Europe (Belgium, France, Ireland, Italy, Netherlands, Portugal, Spain, U.K.): SEK 287m (-1.7%)

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

• Northern Europe: SEK 132m, a margin of 22.8%
• Central Europe: SEK 97m, a margin of 28.6%
• Western Europe: SEK 54m, a margin of 18.8%