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intrum Interim report Third quarter , 2021 Favourable economic sentiment throughout the quarter , sup ported by gradual normalisation , improving consumption and a strong economic growth outlook . ● Seasonally softer third quarter 2021 , especially when compared to the exceptionally strong , rebound - driven third quarter 2020 . High commercial activity with increasing demand for our services driven by economic recovery and growth expectations , but also financial services clients ' need to proactively address their bal ance sheets . Transformation program on track with global front office deploy ment ahead of plan and accelerating case migrations . • In the third quarter cash EBIT decreased to SEK 1,394 M ( 1,659 ) , cash RolC to 7.8 per cent ( 9.2 ) and cash earnings per share ( cash EPS ) to SEK 3.68 ( 5.88 ) . • Cash EBIT for Credit Management Services decreased to SEK 396 M ( 495 ) and the adjusted operating margin decreased to 23 per cent ( 29 ) . The segment cash RolC for the quarter was 8.2 per cent ( 10.2 ) . • Cash EBIT for Strategic Markets decreased to SEK 482 M ( 819 ) and the adjusted operating margin decreased to 22 per cent ( 30 ) . The segment cash RolC for the quarter was 12.3 per cent ( 19.6 ) . Cash EBIT for Portfolio Investments increased to SEK 907 M ( 748 ) , cash RolC was 9.9 per cent ( 8.4 ) and total portfolio investments made amounted to SEK 1,633 M ( 873 ) for the quarter . Third quarter , 2021 SEK M , unless otherwise indicated Revenues Adjusted revenues Operating earnings ( EBIT ) Adjusted operating earnings ( EBIT ) Earnings per share , SEK Cash EBITDA Cash EBIT Cash EPS , SEK Cash RoIC , % Net debt / RTM cash EBITDA , x Cash EBIT : Credit Management Services Cash EBIT : Strategic Markets Cash EBIT : Portfolio Investments Total portfolio investments made Carrying value of portfolio investments Adjusted return on portfolio investments , ( ROI ) , % July - Sep 2021 4,294 4,183 1,341 1,533 4.33 2,906 1,394 3.68 7.8 396 482 907 1,633 36,179 14 Third quarter July - Sep 2020 4,521 4,520 1,688 1,687 6.97 3,142 1,659 5.88 9.2 495 819 748 873 34,940 12 Change Jan - Sep % 2021 -5 12,919 -7 12,803 -21 4,435 -9 4,659 -38 16.90 -8 -16 -37 -1.4 ppt -20 -41 21 As the operating environment continues to gradually normalise we are focusing on our two key strategic priorities - delivering on the ONE Intrum transformation program and building a sustainable organic growth trajectory 87 4 2 ppt 8,583 4,172 15.03 7.8 1,202 1,699 2,662 5,423 36,179 14 9 months Jan - Sep 2020 11,739 12,372 3,495 4,127 11.80 8,484 4,058 16.40 7.4 1,315 1,664 2,357 3,856 34,940 12 Rolling 12 months Change Oct 2020 % Sep 2021 10 18,028 17,162 5,635 3 6,270 23.38 29 13 43 1 3 -8 0.4 ppt -9 2 13 41 4 2 ppt 11,706 5,694 24.04 8.0 4.2 1,484 2,574 3,496 6,696 36,179 14 Full year 2020 16,848 16,731 4,695 5,738 15.18 11,607 5,580 25.28 7.7 4.0 1,596 2,539 3,190 5,129 33,305 12