Intrum AB (publ)

Good morning, everyone. This is Andres Rubio.

As indicated by the operator, and I'm here with Michael Lederner, our Chief Financial Officer. Thank you for joining us this morning to discuss our third quarter results and where we stand today as a company. Before we get into the presentation, I will be making some overarching comments, but then I will go through some overview as to our performance during the quarter. Michael will conduct a more detailed financial review of the performance during the quarter. I will provide some concluding remarks, and then we will open it up for Q&A. Before I get into the presentation, I wanted to make some, again, overarching comments about our performance for the quarter. I think the performance during the quarter, which is traditionally a slow quarter, is one that witnessed a tremendous amount of activity for the company. an activity that is very emblematic of where we are in our development journey. What do I mean by that? The performance during the quarter is characterized by tremendously positive revenue performance and revenue prospects. That's driven fundamentally by the quality of our service, which is second to none in the credit management space, as well as the need, the increasing need of our services by our clients given the general macro backdrop, which I will get into. But despite the positive top line trends and prospects, we face realities. We are not immune to the environment. We face realities of the inflationary environment, growing our cost faster than we're comfortable with, which we are directly addressing with the cost reduction program we announced earlier this year. I'll give an update on that. And we also, as we communicated in our Capital Markets Day, need to continue to extract as much organic cash flow and dedicate all that cash flow to debt reduction, which we also made progress during the quarter and our highlight. So these are more near term. We have the privilege of a very positive top line. We have the direct challenges of cost and leverage, which we want to reduce. And we are doing all that. And at the same time, developing the company.

Both organic.