Press

Lindorff is the first international receivables management company with full range service strategy to establish in the rapidly developing Russian credit market.

“Lindorff’s target is to support and assist companies’ credit management processes with highly professional and customer-oriented manner across borders. Lindorff’s presence in Russia adds a unique dimension to our position in Europe”, says Urs Baumann, CEO of Lindorff Group.

Encouraging emerging credit society

In Russia, the amount of credit granted to private individuals is doubling every year and major businesses are switching from pre-payment to credit sales. Servicing the international and Russian businesses with reliable and professional receivables management Lindorff will help to reduce credit losses and uphold fair practices necessary for an encouraging credit society.

“We want to maintain a good dialogue also with the debtors, even counseling people with credit problems to get back on the right track. In this respect, Lindorff differs from its Russian competitors”, says Anton Dmitrakov, Country Manager of Lindorff Russia.

Building up the industry leader

Lindorff aims of becoming the leading outsourced receivables management company in Russian market. This requires a countrywide network, gradually expanding service offering and learning from Russian markets.

The Moscow office currently counts 22 people, of which a significant part is lawyers. Lindorff aims at opening the second office – in St. Petersburg – in early autumn.

“Along with organic growth we are prepared to take over the entire collection units from businesses in Russia, significantly improving the performance and reducing operating costs”, says Mr. Lassi Karppinen, Executive Vice President of Lindorff Group.

About Lindorff:
Lindorff Group is a leading outsourced receivables management provider in Europe, and one of the leading on a global basis. Lindorff posted revenues of over MEUR 349 million in 2007 (proforma) and has approx 2000 employees in Russia, Norway, Denmark, Sweden, Estonia, Latvia, Lithuania, The Netherlands, Finland and Germany. OOO Lindorff was officially registered in Moscow in May 2007.

More information:

Anton Dmitrakov, General Manager, OOO Lindorff
tel. +7 985 922 4997, anton.dmitrakov@lindorff.ru

Lassi Karppinen, Executive Vice President, Lindorff East
tel. +358 10 2700 101, lassi.karppinen@lindorff.fi

Arve Paulsen, SVP Group Communications, Lindorff Group
mobile. +47 90117005, arve.paulsen@lindorff.com

Silja Sarkamo, Communications Manager, Lindorff East
mobile. +358 50 379 4767, silja.sarkamo@lindorff.fi