It does not receive public funding
Editor in chief:
CLARA MOSCHINI

Facebook Twitter Youtube

Ivs Group Reported at 30 September 2019 Sales of Euro 342.6 million, +6.6%

The Group is the Italian leader and the second player in Europe in the business of automatic vending machines

The Board of Directors of IVS Group S.A. convened on November 14th, 2019 and chaired by Mr. Paolo Covre, examined and approved the Interim Report at 30 September 2019. Consolidated revenues in the first 9 months of 2019 reached Euro 342.6 million (of which 310.4 million related to the core vending business), with an increase of 6.6% from 321.5 million of 2018 (of which Euro 294.0 million in vending).

Total sales increased by 7.4% in Italy and by 7.1% in France, while decreased in Spain (-7.0%) and in Switzerland (-1,5%, where however margins increased). Coin Service division sales increased in total by 18.3% of which +7.1% in the core metal coins business, and +51,2% in digital payments and IoT, where the subsidiary Venpay S.p.A.. after the start-up phase of new businesses, shows first positive margins. Average price per vend in the period was equal to Euro 48.0 cents, from 47.5 cents (+1.1%).

In the first nine months of 2019 were completed 9 acquisitions (8 in Italy and 1 in France), with an Enterprise Value of Euro 37.7 million, contributing Euro 13.5 million to sales on pro-rata basis from the date of the acquisition. Adjusted EBITDA reported increased by 12.8% (including IFRS16 effects) compared to 30 September 2018, from Euro 70.1 million to Euro 79.1 million. Adjusted EBITDA net of IFRS 16 effects slightly grew too, +0.9%, at Euro 70.7 million. EBITDA includes a negative contribution, of around Euro 0.4 million, deriving from Moneynet acquisition completed on 31 July 2019. The final price and the PPA-Purchase Price Allocation of this transactions still provisional as of 30 September 30th 2019.

Group Net Profit reported at 30 September 2019 is equal to Euro 15.7 million (Euro 16.6 excluding IFRS 16, -15.8% compared to 30 September 2018). Net profit includes some costs and profits considered of exceptional nature, totalling Euro 2.0 million (net of tax effects).

agu - 9665

© EFA News - European Food Agency Srl
Similar