Intrum - earnings positive
All,
Intrum Justitia reported FY18 today.
Despite its low cost of capital, the company continues to produce an ever so slightly negative cashflow.
However, compared to the previous year, Intrum have made tremendous progress.
From a slide in the presentation:
Overall we see the signals as positive for Arrow and our position in Lowell. Intrum are about to turn FCF-interest flat, which is all people have been looking for (almost).
Wolfgang