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The Board of Directors approves the First Quarter Results as of March 31, 2018
San Donato Milanese, 7 May 2018 – The Board of Directors of Cerved Group S.p.A. (MTA: CERV, the “Company” and previously Cerved Information Solutions S.p.A.) – parent holding company of the Cerved Group, the largest information provider and credit servicer in Italy – today approved the Interim Report as of 31 March 2018.
Marco Nespolo, Chief Executive Officer of the Group, commented:
“2018 has kicked off with strong growth in the first quarter: Revenues increased by +8.4% and also Adjusted EBITDA grew by +8.4%, both of which important results which allow us to lay the foundations for a year in line with expectations.”
“The first quarter benefits from strong grown in Revenues and Adjusted EBITDA in the Credit Management division thanks to an increase in assets under management in excess of 20 billion Euros from the Quaestio, REV Gestione Crediti and Banca Popolare di Bari portfolios.”
“In confirming – for the meanwhile – our strategic outlook as highlighted in our first Investor Day in May 2016, we have scheduled a second Investor Day this forthcoming 25th of June 2016 in order to meet with investors and financial analysts to communicate our strategy and our economic and financial targets for the medium to long term.”