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intrum A growing Intrum is creating societal value through enabling a well functioning credit market . Ethical and sustainable collections form the core of Intrum's activities . Interim report First quarter , 2021 • Revenues increased to SEK 4,200 M ( 3,333 ) and adjusted revenues increased to SEK 4,198 M ( 3,969 ) . Adjusted operating earnings ( EBIT ) increased to SEK 1,532 M ( 1,095 ) . ⚫ Cash EBITDA increased to SEK 2,712 M ( 2,633 ) and available liquidity at the end of the quar- ter amounted to SEK 18,386 M ( 17,061 ) . Net debt / RTM cash EBITDA increased to 4.1x ( 4.0x ) , mainly driven by the impact of foreign exchange development increasing net debt . ⚫ Cash EBIT increased to SEK 1,365 ( 1,105 ) , cash RolC to 7.8 per cent ( 5.9 ) and cash earnings per share ( Cash EPS ) were SEK 5.68 ( 2.90 ) . ⚫ For the Credit Management Services segment , cash EBIT decreased to SEK 396 M ( 446 ) and the adjusted operating margin decreased to 22 per cent ( 25 ) . The segment cash RolC for the first quarter was 8.3 per cent ( 8.8 ) . ⚫ For Strategic Markets , cash EBIT increased to SEK 645 M ( 320 ) and the adjusted operating margin increased to 31 per cent ( 9 ) . The segment cash RoIC for the first quarter was 16.3 per cent ( 7.1 ) . ⚫ For Portfolio Investments , cash EBIT decreased to SEK 830 M ( 834 ) , cash RoIC was 9.6 per cent ( 9.2 ) and total portfolio investments made amounted to SEK 1,739 M ( 1,674 ) for the quarter . First quarter , 2021 SEKm , unless otherwise indicated Revenues Adjusted revenues Rolling First quarter 12 months Full year Jan - Mar 2021 Jan - Mar 2020 Change % 2021 2020 4,200 3,333 26 17,715 16,848 4,198 3,969 6 16,960 16,731 Operating earnings ( EBIT ) Adjusted operating earnings ( EBIT ) Earnings per share , SEK 1,531 459 234 5,767 4,695 1,532 1,095 40 6,175 5,738 6.06 -0.25 n.m. 21.80 15.18 2,712 2,633 3 11,686 11,607 1,365 1,105 24 5,840 5,580 5.68 2.90 96 30.16 26.96 7.8 5.9 1.9 ppt 8.2 7.7 4.1 4.0 Cash EBITDA Cash EBIT Cash EPS Cash RoIC , % Net debt / RTM cash EBITDA , x Cash EBIT : Credit Management Services Cash EBIT : Strategic Markets 396 446 -11 1,546 1,596 645 320 101 2,864 2,539 Cash EBIT : Portfolio Investments 830 834 -0 3,186 3,190 Total portfolio investments made 1,739 1,674 Carrying value of portfolio investments 35,104 36,297 -3 حين 4 5,194 5,129 35,104 33,305 Adjusted return on portfolio investments , ROI , % 14 11 3 ppt 12 12