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The Board of Directors approves the First Half Results results as of June 30, 2017
San Donato Milanese, 28 July 2017 – The Board of Directors of Cerved Information Solutions S.p.A. (MTA: CERV, the “Company”) – parent holding company of the Cerved Group, the largest information provider and credit servicer in Italy – today approved the Semiannual Report as of 30 June 2017.
Marco Nespolo, Chief Executive Officer of the Group, commented:
“In the first half of 2017 the Group achieved positive results, with a total Revenues growth of +6.8%, Adjusted EBITDA of +5.0% and Adjusted Net Income of +10.4%.”
“On a divisional basis, Credit Information achieved growth of Revenues and Adjusted EBITDA higher than in previous years, with positive results both in the corporate and financial institutions segments. The Credit Management division continues to be an important growth engine for the Group. We remain positive regarding the mid-term growth trajectory, also thanks to the recently signed agreement with Barclays as well as a number of other large scale transactions which are coming to the NPL servicing sector.”
“The results for the first half of 2017 confirm the Group’s strong cash flow generation capabilities, with a leverage ratio of 2.8x despite the payment of dividends of Euro 48.2 million in May.”