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Cerved Group SpA (CERV.MI)

CERV.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cerved Group Q1 Adj. Net Profit EUR 26.4 Mln
Tuesday, 7 May 2019 

May 7 (Reuters) - Cerved Group SpA ::Q1 REVENUE EUR 117.5 MILLION VERSUS EUR 105.4 MILLION YEAR AGO.Q1 NET PROFIT EUR 16.9 MILLION VERSUS EUR 15.5 MILLION YEAR AGO.Q1 ADJUSTED NET PROFIT EUR 26.4 MILLION VERSUS EUR 23.0 MILLION YEAR AGO.GROUP'S SCENARIO FOR 2019 CALLS FOR GAINS IN REVENUES AND EBITDA AS PER 2018-2020 STRATEGIC OUTLOOK.  Full Article

Cerved Group: Press Release In Connection With Market Rumors On Potential Voluntary Public Tender Offer By Advent
Wednesday, 6 Mar 2019 

March 6 (Reuters) - Cerved Group SpA ::SAYS PRESS RELEASE IN CONNECTION WITH MARKET RUMORS RELATING TO A POTENTIAL LAUNCH OF A VOLUNTARY PUBLIC TENDER OFFER BY ADVENT.SAYS BOARD OF DIRECTORS RESERVED TO CONDUCT ITS EVALUATION OF POTENTIAL OFFER WHEN TERMS AND CONDITIONS OF SAME WILL BE MADE PUBLIC.SAYS DUE DILIGENCE HAS BEEN CLOSED TODAY.  Full Article

Advent In Talks To Buy Italy's Cerved In 1.85 Bln Euro Deal - FT
Wednesday, 6 Mar 2019 

March 6 (Reuters) - :PE GROUP ADVENT IN TALKS TO BUY ITALY'S CERVED IN 1.85 BILLION EURO DEAL - FT .  Full Article

Cerved Group SpA Prelim. FY EBITDA EUR 208.5 Mln, Up 14.8% Yr/Yr
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Cerved Group SpA ::FY REVENUE EUR 458.1 MILLION, +16.1% COMPARED TO EURO 394.4 MILLION YEAR AGO.FY ADJUSTED EBITDA: EURO 208.5 MILLION, +14.8% COMPARED TO EURO 181.7 MILLION YEAR AGO.CONSOLIDATED NET FINANCIAL POSITION: EURO 547.4 MILLION AS OF 31 DECEMBER 2018.  Full Article

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

Elliott, Bain, Cerved eye Eurobank's loan service unit - sources

ATHENS Greece's Eurobank has received a non-binding offer for its Financial Planning Services (FPS) unit from a consortium comprising U.S. funds Elliott and Bain Capital and Italian credit manager Cerved, banking sources close to the process said.