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Cerved Group SpA (CERV.MI)

CERV.MI on Milan Stock Exchange

6.75EUR
13 Dec 2018
Change (% chg)

€-0.01 (-0.15%)
Prev Close
€6.76
Open
€6.70
Day's High
€6.76
Day's Low
€6.68
Volume
405,325
Avg. Vol
337,964
52-wk High
€11.75
52-wk Low
€6.38

Latest Key Developments (Source: Significant Developments)

Cerved Group 9-Mth Adj. Net Profit Up At EUR 72.0 Mln
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Cerved Group SpA ::9-MONTH REVENUE EUR 323.6 MILLION VERSUS EUR 288.7 MILLION YEAR AGO.9-MONTH ADJUSTED NET PROFIT EUR 72.0 MILLION VERSUS EUR 68.3 MILLION YEAR AGO.CERVED GROUP CEO SAYS CO CONFIRMS THE INVESTOR DAY STRATEGIC OUTLOOK AS PRESENTED TO THE MARKET ON 25 JUNE 2018.CEO SAYS FY 2018 ADJUSTED EBITDA MAY BE IN LINE WITH OR SLIGHTLY BELOW CONSENSUS.CEO SAYS 9-MONTH RESULT ALLOWS TO SUPPORT SHARE BUYBACK PROGRAM AND OTHER POTENTIAL M&A ACTIVITIES.9-MONTH NET PROFIT EUR 49.3 MILLION VERSUS EUR 38.1 MILLION YEAR AGO.  Full Article

Italy's Cerved CEO says group has "interesting M&A pipeline"
Monday, 30 Jul 2018 

July 30 (Reuters) - Cerved Group CEO Marco Nespolo tells analyst call::HAS "INTERESTING M&A PIPELINE", COULD CLOSE "A COUPLE OF DEALS" BY YEAR-END.  Full Article

Cerved Group SpA Approved 3-Year Industrial Plan And Strategic Outlook 2018-2020
Monday, 25 Jun 2018 

June 25 (Reuters) - Cerved Group SpA ::APPROVED 3-YEAR INDUSTRIAL PLAN AND STRATEGIC OUTLOOK 2018-2020.2018, IN ADDITION TO BENEFITING FROM ORGANIC GROWTH, WILL ALSO BENEFIT FROM INDUSTRIAL PARTNERSHIPS AND ACQUISITIONS OF NON-PERFORMING LOAN SERVICING PLATFORMS.FOR FOLLOWING YEARS AND UNTIL 2020, GROWTH TARGETS OF ADJUSTED EBITDA OF THE GROUP ENVISAGE AN ORGANIC GROWTH BETWEEN +3.0% AND +5.0%.FOR FOLLOWING YEARS AND UNTIL 2020, GROWTH TARGETS OF ADJUSTED EBITDA OF THE GROUP ENVISAGE TOTAL CONSOLIDATED GROWTH BETWEEN +5.0% AND +8.5%.MEDIUM TO LONG TERM OBJECTIVE IS TO REACH YEAR-END LEVERAGE OF 3.0X LAST TWELVE MONTH EBITDA, SUBJECT TO EXTRAORDINARY TRANSACTIONS AND NON-RECURRING EVENTS.WITH RESPECT TO DIVIDEND POLICY, TWO ELEMENTS NEED TO BE TAKEN INTO CONSIDERATION: PROGRESSIVE ORDINARY DIVIDEND WITH 40%-50% PAYOUT OF PRIOR YEAR ADJUSTED NET INCOME; AND POTENTIALLY VARIABLE SPECIAL DIVIDEND.  Full Article

Cerved, Quaestio Complete Acquisition Of Monte dei Paschi's Recovery Platform Juliet
Monday, 14 May 2018 

May 15 (Reuters) - Banca Monte dei Paschi di Siena , Cerved Group , and Quaestio Holding::SAID ON MONDAY THAT QUAESTIO CERVED CREDIT MANAGEMENT HAS COMPLETED ACQUISITION OF BANCA MONTE DEI PASCHI DI SIENA'S NPL RECOVERY PLATFORM "JULIET".SPECIAL-PURPOSE ENTITY SET UP BY CERVED AND QUAESTIO.TOTAL CONSIDERATION TO ACQUIRE PLATFORM IS EUR 52.6 MLN.POTENTIAL TOTAL EARN-OUT OF UP TO EUR 33.8 MLN WILL BE SUBJECT TO THE ACHIEVEMENT OF CERTAIN ECONOMIC RESULTS.  Full Article

Cerved To Manage Another EUR 4 Bln in NPLs From MPS Once Juliet Deal Is Closed - Conf Call
Monday, 7 May 2018 

May 7 (Reuters) - Cerved Group CEO Nespolo Marco said in a conference call following Q1 results ::AS SOON AS DEAL WITH QUAESTIO FOR MONTE DEI PASCHI <<>> NPL RECOVERY PLATFORM JULIET CLOSES, IT WILL GET ANOTHER EUR 4 BLN OF NON-PERFORMING LOANS TO MANAGE FROM MPS.AMOUNT OF ADDITIONAL NON-PERFORMING LOANS FROM MPS IS HIGHER THAN THE EUR 3 BLN DISCLOSED IN THE PREVIOUS CONFERENCE CALL.  Full Article

Cerved Group Q1 Net Profit Up At EUR 16.0 Mln
Monday, 7 May 2018 

May 7 (Reuters) - Cerved Group SpA ::Q1 REVENUE EUR 105.3 MILLION VERSUS EUR 97.2 MILLION YEAR AGO.Q1 ADJUSTED NET PROFIT EUR 23.1 MILLION VERSUS EUR 22.4 MILLION YEAR AGO.Q1 NET PROFIT EUR 16.0 MILLION VERSUS EUR 13.2 MILLION YEAR AGO.CONFIRMS STRATEGIC OUTLOOK TO 2018.IT IS FORESEEABLE THAT FINANCIAL YEAR 2018 WILL REGISTER GROWTH IN REVENUES AND ADJUSTED EBITDA.  Full Article

Cerved Information Solutions Acquires Credit Management Srl From Banca Popolare Di Bari
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - CERVED INFORMATION SOLUTIONS SPA ::SAID ON FRIDAY THAT UNDER THE INDUSTRIAL PARTNERSHIP AGREEMENT WITH BANCA POPOLARE DI BARI (BPB), THE COMPANY HAS ACQUIRED CREDIT MANAGEMENT SRL FROM BPB FOR EUR 18 MILLION.THERE CAN BE ADDED AN EARN-OUT OF UP TO 3.0 MILLION EUROS, WHICH IS BASED ON THE ECONOMIC RESULTS ACHIEVED UP TO 2021.  Full Article

Cerved Board Approves Incorporation Of Units Cerved Group And Consit Italia
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - CERVED INFORMATION SOLUTIONS SPA ::SAID ON MONDAY BOARD HAD APPROVED THE INCORPORATION OF UNIT CERVED GROUP AND INDIRECT UNIT OF CERVED GROUP.CERVED GROUP OWNS 94.3 PCT OF CONSIT ITALIA.TO ASSIGN 3.05 CERVED INFORMATION GROUP SHARES PER EACH SHARE HELD IN CONSIT ITALIA.TO CARRY OUT A CAPITAL INCREASE FOR THE NOMINAL AMOUNT OF UP TO EUR 71,206.00 TO INCORPORATE CONSIT ITALIA, CORRESPONDING TO UP TO 275,226 NO-PAR VALUE SHARES.TRANSACTIONS ARE EXPECTED TO BE COMPLETED BY MARCH 31, 2018 .  Full Article

Cerved 9-month net profit up at EUR 38.2‍​ mln
Friday, 27 Oct 2017 

Oct 27 (Reuters) - CERVED INFORMATION SOLUTIONS SPA :9-MONTH ADJUSTED NET PROFIT EUR ‍68.4​ MILLION VERSUS EUR 62.2 MILLION YEAR AGO.9-MONTH REVENUE EUR ‍288.9​ MILLION VERSUS EUR 270.8 MILLION YEAR AGO.9-MONTH NET PROFIT EUR 38.2‍​ MILLION VERSUS EUR 28.9 MILLION YEAR AGO.BOARD RESOLVES TO START PRELIM ASSESSMENT OF TENTATIVE GROUP REORGANIZATION‍​.REORGANIZATION WOULD INVOLVE INCORPORATION OF UNIT CERVED GROUP.SCENARIO FOR 2017 CALLS FOR GAINS IN REVENUES AND EBITDA.  Full Article

Cerved Information Solutions unit to act as special servicer for Atlante II fund‍​
Tuesday, 17 Oct 2017 

Oct 17 (Reuters) - CERVED INFORMATION SOLUTIONS SPA :SAYS CERVED CREDIT MANAGEMENT S.P.A APPOINTED TO ACT AS SPECIAL SERVICER FOR ATLANTE II FUND‍​.SPECIAL SERVICING ACTIVITIES ARE RELATED TO ABOUT EUR 13 BILLION OF NON-PERFORMING LOANS GENERATED BY MONTE DEI PASCHI DI SIENA.  Full Article

Italy - Factors to watch on Oct. 30

The following factors could affect Italian markets on Tuesday.