Max Noble
The Max Noble Integrity Score · the report23 October 2026

Max Noble

Intrum

Andrés Rubio promised about +10% a year. Now it is below last year.

🇸🇪 Sweden · Debt collectionIntrum100IntegrityAndrés RubioAndrés RubioPresident and CEO, 2023–2025, IntrumPromisedGrowth in collection fees, each year to 2026about +10% a year13 September 2023
He promised

Fees from collecting other people's debts would grow about 10% a year

Andrés Rubio, President and CEO, 2023–2025, on 13 September 2023.

He got

They will be smaller this year than last

Stamp: Broken.

Why, says the company

Two big markets, Germany and Britain, went backwards. The company wrote off everything it had paid to own its German business.

How bad

Severe. Growth was promised. The business shrank. Score 100 → 50.

In the company’s own words

Germany and the United Kingdom went backwards. The company wrote off SEK 1.52bn of German goodwill in the quarter and called both markets outliers that were not in the original plan. Johan Åkerblom, chief executive since July 2025, inherited the target; he did not set it.

The sources

Will Intrum's 2026 servicing income really land below 2025, as the company now says? Make your call in the CEO Game →