Financial highlights

Last update: June 12th 2020

Cerved Group operates through three Business Unit: Risk ManagementGrowth Services and Credit Management and two client segments, Financial Institutions and Corporates.

 

Income statement
 

Consolidated Revenues (€) As of 31 December 2018 As of 31 December 2019
Risk Management 282,0 284,1
Financial Institutions 130,0 126,2
Corporates 152,0 158,0
Growth Services 28,7 51,5
Financial Institutions 1,3 8,2
Corporates 27,5 43,3
Credit Management 147,3 185,0
Consolidated Revenues 458,1 520,6

 

Consolidated Adjusted EBITDA  (€)1 As of 31 December 2018 As of 31 December 2019
Risk Management 149,8 149,4
Growth Services 9,0 15,6
Credit Management 53,8 71,7
Consolidated Adjusted EBITDA 212,6 236,6

 

Adjusted EBITDA Margin (%) As of 31 December 2018 As of 31 December 2019
Risk Management 53,1% 52,6%
Growth Services 31,4% 30,2%
Credit Management 36,5% 38,7%
Adjusted EBITDA Margin (%) 46,4% 45,4%

 

Consolidated Ajusted Net Income2 As of 31 December 2018 As of 31 December 2019
Ajusted Net Income (pre-minorities) 116,7 121,9

 

Balance sheet

 

Net Financial Position (€) As of 31 December 2018 As of 31 December 2019
Net Financial Position 591,1 549,5
Leverage (x) 2,7x  2,3x 

 

 Operative Cash Flow (€) As of 31 December 2018 Al 31 dicembre 2018
 Operative Cash Flow  160,1 158,1
Cash Conversion3 81,3% 84,9%

 

 
 
 
 
 
 
 
 
NOTE
1) Adjusted EBITDA excludes the impact of the Performance Share Plan with reference to the plan 2019-2021 and plan 2022- 2024;
2) Adjusted Net Income excludes non-recurring income and expenses, amortisation of capitalized financing fees, amortisation of the Purchase Price Allocation and non-recurring income taxes
3) Cash Conversion calculated as follows: (Adjusted EBITDA-CAPEX)/ Adjusted EBITDA