Cerved Information Solutions announced consolidated earnings results for the first quarter ended March 31, 2016. For the period, total revenue was EUR 88.5 million compared to EUR 83.0 million a year ago. EBITDA was EUR 41.8 million compared to EUR 39.4 million a year ago. Operating profit was EUR 20.6 million compared to EUR 20.3 million a year ago. Net income was EUR 8.4 million compared to EUR 6.1 million a year ago. EBITDA-Capex was EUR 34.1 million compared to EUR 31.4 million a year ago. Operating cash flow was EUR 21.1 million compared to EUR 19.2 million a year ago. Net cash flow used in the period was EUR 45.5 million compared to EUR 2.4 million a year ago. Adjusted net income was EUR 19.5 million, up 32.7% compared to EUR 14.7 million of the first quarter of 2015.

For 2016, the Group foresees a scenario of increasing revenues, EBITDA and operating cash flow, due to the positive contribution of all business divisions (Credit Information, Credit Management and Marketing Solutions).