Dovalue SpA (MIL:DOV)

Q3 2024 Dovalue SpA Earnings Call Transcript

Nov 12, 2024 / 09:30 AM GMT

Release Date Price: €1.56 (-6.35%)

Transcript

Key Points

Positve

Dovalue SpA (DOVXF) has already reached its annual target of 8 billion GDP from new business, highlighting its strong market position.
EBITDA for the first nine months exceeded internal expectations, reaching 96 million, due to effective cost control and revenue diversification.
The acquisition process is progressing as planned, with regulatory approvals underway and a seamless integration plan ready for execution.
The company has secured a robust financing package, including a EUR 446 million term loan and an EUR 80 million revolving credit facility, enhancing its capital position.
Dovalue SpA (DOVXF) has a strong pipeline of 53 billion projected over the next 18 months, indicating potential for future growth.

Negative

Revenues for the first nine months were down by 5.4% year-on-year, primarily due to delays in sales in Greece and lower revenues in Spain.
Net income was impacted by several factors, including impairments and lower EBITDA, resulting in a net income of only 5 million.
The company's net debt increased to 494.5 million, up from 479.4 million, due to cash absorption in Greece and delayed disposals.
The collection rate decreased to 4.1% from 4.4% in 2023, indicating challenges in maintaining collection efficiency.
There is uncertainty regarding the renewal of flow contracts with major banks like Santander and Unicredit, which could impact future revenues.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DOVA.MI - doValue SpA
Q3 2024 Dovalue SpA Earnings Call
Nov 12, 2024 / 09:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. This is the chorus call conference operator. Welcome and thank you for joining the due value. Nine months, 2024 financial results conference call.

As a reminder, all participants are in listen-only mode.

After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call? They may signal an operator by pressing star and zero on their telephone.

At this time, I would like to turn the conference over to Mr Daniele de la Seta, Head of Group M&A Strategic Finance and Investor Relations. Please go ahead sir.

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Unidentified_2 [2]
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