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Cerved Information Solutions Q3 2017 Revenues Up 6.7%

Cerved reported revenues of Euro 288.9 million, +6.7% compared to Euro 270.8 million in the first nine months of 2016

adjusted EBITDA: Euro 132.1 million, +3.8% compared to Euro 127.3 million in the first nine months of 2016, resulting in an Adjusted EBITDA margin of 45.7%; Adjusted Net Income: Euro 68.4 million, +10.0% compared to Euro 62.2 million in the first nine months of 2016; Operating Cash Flow: Euro 99.0 million, +3.8% compared to Euro 95.4 million in the first nine months of 2016; Consolidated Net Financial Position: Euro 504.8 million as of 30 September 2017, equating to 2.7x last twelve month’s Adjusted EBITDA

Marco Nespolo, Chief Executive Officer of the Group, commented: “Results as of 30 September 2017 confirm the group’s positive growth trend in terms of Revenues, Adjusted EBITDA, Adjusted Net Profit and Operating Cash Flow. Financial leverage declined to 2.7x, the lowest level since the IPO.” “In addition to the continuing growth in all of our business lines, at present we are also focused on the implementation of the important industrial partnerships recently announced with Banca MPS, Quaestio and Banca Popolare di Bari, which will drive growth in terms of assets under management, revenues and EBITDA, further strengthening our position as the leading independent player in Italy in the servicing of performing and non-performing credit exposures.”

Source: Cerved Press Release

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