Cerved Information Solutions S.p.A. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for 2015
For the six months, consolidated revenues were EUR 177.6 million against EUR 164.0 million a year ago. Consolidated EBITDA was EUR 84.4 million against EUR 79.3 million a year ago. Operating profit before non-recurring items was EUR 48.1 million against EUR 46.1 million a year ago. Operating profit was EUR 46.1 million against EUR 44.3 million a year ago. Net income was EUR 16.4 million against EUR 1.7 million a year ago. Operating cash flow was EUR 60.3 million against EUR 47.7 million a year ago. Net capex was EUR 15.1 million against EUR 14.2 million a year ago.
The group's expects an EBITDA in the range of EUR 170 million- EUR 174 million in 2015, representing growth over 2014 EBITDA between 6.2% and 8.7%.