Press release
The Board of Directors approves First Quarter results as of March 31, 2015
Milan, 12 May 2015 – The Board of Directors of Cerved Information Solutions S.p.A. (MTA: CERV) – parent holding company of the Cerved Group, the largest information provider in Italy – today approved the Consolidated Interim Report to 31 March 2015.
Gianandrea De Bernardis, CEO of the Group, commented:
“We view our results for this first quarter of 2015 positively, particularly in comparison to the strong results we achieved in the first quarter of 2014 which had +10% Revenue growth. I wish to especially highlight the change in trajectory achieved by the Financial Institutions segment which has returned to growth. Despite the decline in revenues in the Corporate segment, the growing trend in consumption of information by our clients allows us to be confident for our growth in 2015.”
“As a confirmation of our positive outlook for the Group in 2015, we have decided to provide the markets with guidance on EBITDA in the range of Euro 170-174 million, growing between 6.2% and 8.7% versus 2014 EBITDA. This result will allow us to offer an attractive dividend policy, in line with the board’s programmatic resolution to maximize the distribution of available cash, to the extent permitted by our financial condition and future investment opportunities. Tomorrow 13th of May 2015 we will pay out a dividend of Euro 39.975 million.”