Financial highlights

Last update: December 31st 2020

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

 

Income statement (Euro m)
 

Revenues As of 31 December 2019 As of 31 December 2020
Consolidated Revenues  520,6 487,8
- Capital Gain disposal Turin headquarters   1,5
Divisional Revenues 520,6 486,3
Risk Intelligence 284,2 274,3
Financial Institutions 126,2 131,7
Corporates 158,0 142,6
Marketing Intelligence 51,5 59,7
Credit Management 184,9 152,3

 

Adjusted. EBITDA1 As of 31 December 2019 As of 31 December 2020
Consolidated Adj. EBITDA  236,6 203,6
- Capital Gain disposal Turin headquarters   1,5
Divisional Adj. EBITDA   236,6 202,1
Risk Intelligence 152,0 139,1
Marketing Intelligence 12,9 16,1
Credit Management 71,7 46,8

 

Adjusted. EBITDA  Margin  As of 31 December 2019 As of 31 December 2020
Consolidated Adj. EBITDA Margin   45,4% 41,7%
- Capital Gain disposal Turin headquarters    
Divisional Adj. EBITDA Margin   45,4% 41,6%
Risk Intelligence 53,5% 50,7%
Marketing Intelligence 25,0% 27,0%
Credit Management 38,8% 30,7%

 

Ajusted Net Income2 As of 31 December 2019 As of 31 December 2020
Ajusted Net Income (post minorities) 107,2 92,7

 

Balance sheet (Euro m)

 

Net Financial Position  As of 31 December 2019 As of 31 December 2020
Net Financial Position 549,5 587,7
Leverage (x) 2,3x  2.9x  

 

 Operative Cash Flow  As of 31 December 2019 As of 31 December 2020
 Operative Cash Flow  158,1 138,6
 
 
 
 
 
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