Financial highlights

Cerved Group operates through three Business Unit: Risk Management, Growth 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