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Press release

The Board of Directors approves the consolidated results as of 30 september 2019; update on strategic alternatives for the Credit Management division

San Donato Milanese, 29 October 2019 – The Board of Directors of Cerved Group S.p.A. (MTA: CERV, the “Group”) – the largest information provider and credit servicer in Italy – today approved the results as of 30 September 2019.

GROWTH IN REVENUES, ADJUSTED EBITDA, ADJUSTED NET INCOME AND OPERATING CASH FLOW:

 

  • Revenues: Euro 361.1 million, +11.6% compared to Euro 323.6 million in the first nine months of 2018;
  • Adjusted EBITDA: Euro 160.8 million, +8.3% compared to Euro 148.4 million in the first nine months of 2018, resulting in an Adjusted EBITDA margin of 44.5%;
  • Adjusted Net Income: Euro 83.4 million, +16.3% compared to Euro 71.7 million in the first nine months of 2018;
  • Operating Cash Flow: Euro 122.0 million, +13.2% compared to Euro 107.8 million in the first nine months of 2018;
  • Consolidated Net Financial Position: Euro 561.2 million as of 30 September 2019, equating to 2.4x last twelve months Adjusted EBITDA.
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