Stockholm:IJ

Chasing late payments costs European businesses €275bn a year and takes the average firm 74 days to resolve: Intrum

Retrieved on: 
Friday, May 12, 2023
Hospitality, Gross domestic product, Financial services, European Payment Order, Business, Research, Intrum Justitia (yacht), Mineral, GDP, Corporate services, Motivation, Growth, Leisure, Cryptocurrency, Security (finance)

Businesses spend 29 per cent of the working year chasing late payments, equivalent to 74 days

Key Points: 
  • Businesses spend 29 per cent of the working year chasing late payments, equivalent to 74 days
    STOCKHOLM, May 12, 2023 /PRNewswire/ -- Businesses across Europe are spending more than 74 days per year – more than a quarter of the working year* – chasing late payments, according to the annual European Payment Report from credit management services provider Intrum.
  • Its findings show the time spent chasing late payments by European businesses adds up to a cost of €275bn** to the European economy.
  • Comparing across Europe, businesses in Finland are also impacted by some of the worst delays, with 51 per cent of businesses spending at least 10 hours every week chasing late payments.
  • "Late payments have always plagued businesses but what was once an inconvenience has now become a top priority of the management agenda.

The financial equality gender gap: women are less equipped to weather economic storms

Retrieved on: 
Thursday, March 2, 2023
International Women's Strike 2018, Research, Retirement, Male, Female, Knowledge, Intrum Justitia (yacht), International Women's Day, European consumer law, Buffer, Growth, Pressure, Online shopping, Cryptocurrency, Nursing, Life insurance, Woman

STOCKHOLM, March 2, 2023 /PRNewswire/ -- Consumers across Europe are battering the impact of high inflation and rapidly increasing interest rates. And the cost-of-living crunch is adding extra pressure on women. Intrum's latest European Consumer Payment Report, a survey of 24,000 consumers across Europe, shows that women report a lower financial wellbeing than men across the board, with a significantly growing gender gap within this field compared to the 2021 survey. The research also shows that female respondents are less satisfied than men with their level of financial education and were less likely to correctly answer questions about how the inflation impacts consumers' day-to-day finances.  

Key Points: 
  • Women report a lower financial wellbeing than men and are less confident about their financial literacy.
  • Ahead of the International Women's Day on 8 March, Intrum's European Consumer Payment Report points to an increasing gender gap in financial equality among European consumers.
  • Intrum's data shows that women have less of financial buffers than men.
  • Getting financial education right for all Europeans, independently of their gender, is definitely one very important aspect which will help close the financial gender gap once and for all," says Anna Zabrodzka-Averianov.

Intrum AB - Year-end announcement 2022

Retrieved on: 
Thursday, January 26, 2023
Annual, EBITDA, CET, Collection, Bank, CMS, Sainsbury, CFO, Intrum Justitia (yacht), SEK, Partnership, Investment company, Capital market, Person, Warner Strategic Marketing, Investment, EBIT, Webcast, Fine chemical, Retail, EU, Vattenfall, Q4

"Our performance during 2022, particularly the fourth quarter, has showcased Intrum's strengths in a challenging macroeconomic environment.

Key Points: 
  • "Our performance during 2022, particularly the fourth quarter, has showcased Intrum's strengths in a challenging macroeconomic environment.
  • In line with previous guidance, we have moderated our investment pace with SEK 7.5 bn deployed in 2022 at increasing returns.
  • Intrum has a very solid foundation with many strengths, and I see substantial opportunities for further commercial development and organisational improvement ahead.
  • This information is such that Intrum AB (publ) is required to disclose pursuant to the EU's markets abuse directive and the Securities Markets Act.

Andrés Rubio appointed President and CEO of Intrum

Retrieved on: 
Wednesday, January 18, 2023
Management, Cerberus, Intrum Justitia (yacht)

STOCKHOLM, Jan. 18, 2023 /PRNewswire/ -- The Board of Directors of Intrum AB (publ) ("Intrum") has appointed Andrés Rubio President and CEO of Intrum.

Key Points: 
  • STOCKHOLM, Jan. 18, 2023 /PRNewswire/ -- The Board of Directors of Intrum AB (publ) ("Intrum") has appointed Andrés Rubio President and CEO of Intrum.
  • "I am very pleased to announce that Andrés Rubio has been appointed President and CEO of Intrum.
  • With Andrés, who has been acting President and CEO since August 2022, Intrum gets a diligent and strong leader with both the capacity and the drive to complete the transformation of Intrum at all levels of the company.
  • "I am proud and excited to take on the role as President and CEO of Intrum.

Surging costs are causing European consumers to cut back on sustainable choices

Retrieved on: 
Thursday, November 24, 2022
News, Intrum Justitia (yacht), European consumer law, Non-governmental organization, ECPR, Global Sustainable Investment Alliance, Organic, Meal, COVID-19, Renewable energy, Online shopping, Retail, Generation X

STOCKHOLM, Nov. 24, 2022 /PRNewswire/ --Intrum's annual European Consumer Payment Report, published today , paints a gloomy picture of European consumers' financial wellbeing and economic outlook.

Key Points: 
  • STOCKHOLM, Nov. 24, 2022 /PRNewswire/ --Intrum's annual European Consumer Payment Report, published today , paints a gloomy picture of European consumers' financial wellbeing and economic outlook.
  • With rapidly increasing costs of living, consumers are cutting back on more sustainable goods and services to manage their household finances.
  • "The cost-of-living crunch has understandably made consumers who struggle to make ends meet look for discounts, with less room to spend price premiums for sustainable products.
  • The European Consumer Payment Report 2022 is an instrument for gaining insight into European consumers' everyday lives, their spending and ability to manage their household finances on a monthly basis.

Jump in bill anxiety: Many Europeans expect to miss out on payments in the next 12 months

Retrieved on: 
Wednesday, November 16, 2022
Intrum Justitia (yacht), Generation Z, European consumer law, ECPR, Gen, PR, Government, News, Income, European Banking Authority, EBA, Dashboard, CEO, Risk, Meal, Attention, Emerging market, Solution, Renewable energy, Public relations, European

Surging inflation has created a wave of financial anxiety as households are struggling to balance their income and expenditure.

Key Points: 
  • Surging inflation has created a wave of financial anxiety as households are struggling to balance their income and expenditure.
  • "After many years of low inflation and loose monetary policy, soaring prices and rising interest rates have made European consumers deeply pessimistic about the future.
  • Among consumers who expect to miss bill payments in the next 12 months, most say they are likely to default on e-commerce and online store bills.
  • The full European Consumer Payment Report 2022 will be available for download on intrum.com/ecpr2022 on 24 November.

Andrés Rubio appointed as acting President and CEO of Intrum

Retrieved on: 
Monday, August 22, 2022
CFO, EU, Vladimír Andrs, CEO, Board, Board of directors, CMS, Industry, Leadership, Management, Cerberus, Intrum Justitia (yacht)

The Board has appointed current Board member Andrs Rubio as acting President and CEO.

Key Points: 
  • The Board has appointed current Board member Andrs Rubio as acting President and CEO.
  • Until the closure of the recruitment process of a permanent President and CEO, Andrs Rubio will serve as acting President and CEO.
  • "I am both excited and honoured to take on the role as acting President and CEO of Intrum.
  • Andrs Rubio assumes the position as President and CEO of Intrum with immediate effect and remains a member of the Board.

Stagflation fears: European businesses expect jump in late payments during second half of 2022

Retrieved on: 
Tuesday, June 21, 2022
Growth, Unemployment, Intrum Justitia (yacht), CEO, Uncertainty, COVID-19, European Payments Initiative, EPR, Research, Pressure, Risk, Online gambling, Renewable energy, Bank, Security (finance), Animal

Against a backdrop of inflation, increasing interest rates and regulation, companies are expecting a jump in late payments as well as raised barriers to growth during the remainder of 2022.

Key Points: 
  • Against a backdrop of inflation, increasing interest rates and regulation, companies are expecting a jump in late payments as well as raised barriers to growth during the remainder of 2022.
  • Late payments are hindering the growth of companies across European countries, hampering the economic and social development of the economy at large.
  • The European Payment Report describes the impact of late payments on businesses' outlook, growth, and development.
  • The report is based on a survey conducted simultaneously by Longitude in 29 European countries between 17 January and 13 April 2022.