Dovalue SpA (MIL:DOV)

Preliminary Q4 2025 Dovalue SpA Earnings Call Transcript

Feb 27, 2026 / 09:30 AM GMT

Release Date Price: €2.47 (+8.14%)

Transcript

Key Points

Positve

Dovalue SpA (FRA:1DB0) met its 2025 business plan targets for cash flow and profitability, marking the second consecutive year of successful delivery.
The company executed two major M&A transactions, which are expected to reshape its future positively.
Commercial momentum remains strong, with new business intake closing at roughly 15 billion, 1.8 times the annual business plan targets.
Profitability strengthened with EBITDA reaching a record of EUR 217 million and margin at 37%, up 3% points year on year.
Cash generation was robust, with free cash flow at EUR 76 million, well above guidance, supporting both deleveraging and a return to dividend payments.

Negative

The onboarding of large portfolios in Greece has led to temporary delays in revenue recognition and a marked drop in collection rates.
The closing of the Coel transaction has been delayed, pending clearance from one last authority in Germany, which could impact execution timelines.
Revenue in Spain declined due to weakness in certain segments, although this was partially mitigated by growth in other areas.
The integration of acquired entities like Garden is ongoing, with full synergy realization expected by June, indicating potential short-term operational challenges.
Despite strong cash flow, the company faces higher financial costs and increased depreciation and amortization expenses following recent M&A activities.

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

DOVA.MI - doValue SpA
Preliminary Q4 2025 Dovalue SpA Earnings Call
Feb 27, 2026 / 09:30AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. This is the Coco conference operator.

Welcome and thank you for joining the Vo preliminary full year 2025 financial results presentation.

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 and 0 on the telephone.

At this time, I would like to turn the conference over to Mr. Daniele De la Ceta Investor Relations. Please go ahead, sir.

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Unidentified_2 [2]
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