ANNUAL REPORT INTRUM JUSTITIA A N N U A L R EP O R T 2 0 ...
ANNUAL REPORT INTRUM JUSTITIA A N N U A L R EP O R T 2 0 ...
ANNUAL REPORT INTRUM JUSTITIA A N N U A L R EP O R T 2 0 ...
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20 Outcome from investments in purchased debt<br />
Increased<br />
revenue from<br />
purchase of<br />
receivables<br />
Over the past five years Intrum Justitia has increased its<br />
purchasing of receivables, in part because more clients<br />
want to sell their portfolios, and in part because we<br />
have increased our expertise in analyzing and purchasing<br />
portfolios with these types of receivables. Since<br />
2002 our revenues have increased from SEK 163 million to around<br />
SEK 861 million in 2010. In 2010 Intrum Justitia acquired 240<br />
portfolios for a value of SEK 1,050 M. Portfolio purchasing is divided<br />
up geographically and by different sectors. At the end of 2010,<br />
no single country accounted for more than 22 percent of our total<br />
portfolio. During 2010, Intrum Justitia introduced a production<br />
software for the Financial Services line, which includes workflow<br />
management and evaluation tools. It further industrializes our routines<br />
and increases the efficiency in the evaluation process.<br />
A PLAYER IN THE GLOBAL MARKET<br />
The market for overdue receivables is global, generates billions of<br />
SEK in revenue and consists of all types of credit portfolios. The<br />
companies selling their receivables are companies that grant credit,<br />
either as their primary service or as part of their overall business.