(Courtesy translation from Italian)
Cerved Group S.p.A.
Half-Year Report
June 30, 2021
CERVED GROUP S.P.A.
Index | |
HALF-YEAR REPORT AT JUNE 30, 2021 ................................................................................................................................................................................................. | 6 |
FOREWORD............................................................................................................................................................................................................................................................... | 7 |
ORGANISATIONAL PROFILE OF THE GROUP.................................................................................................................................................................................................. | 7 |
GROUP RESULTS AT JUNE 30, 2021 ................................................................................................................................................................................................................... | 9 |
STATEMENT OF FINANCIAL POSITION OF THE CERVED GROUP ........................................................................................................................................................... | 16 |
FINANCIAL DEBT OF THE CERVED GROUP.................................................................................................................................................................................................... | 17 |
INFORMATION ON THE COVID-19 PHENOMENON.................................................................................................................................................................................. | 18 |
TAKEOVER BID ............................................................................................................................................................................................................................................................ | 18 |
SIGNIFICANT EVENTS OF THE FIRST HALF-YEAR ........................................................................................................................................................................................ | 20 |
SIGNIFICANT EVENTS OCCURRING AFTER THE END OF THE PERIOD.................................................................................................................................................. | 22 |
2021-2023 BUSINESS PLAN OF THE CERVED GROUP............................................................................................................................................................................................ | 22 |
BUSINESS OUTLOOK AND FORECASTS OF THE GROUP'S ECONOMIC AND FINANCIAL PERFORMANCE............................................................................... | 25 |
TREASURY SHARES ............................................................................................................................................................................................................................................... | 26 |
PERFORMANCE SHARE PLAN............................................................................................................................................................................................................................ | 26 |
TRANSACTIONS WITH RELATED PARTIES ..................................................................................................................................................................................................... | 29 |
INFORMATION ABOUT THE "OPT OUT" ALTERNATIVE............................................................................................................................................................................. | 29 |
INFORMATION ABOUT CORPORATE GOVERNANCE ................................................................................................................................................................................ | 29 |
HALF-YEARCONDENSED CONSOLIDATED FINANCIAL STATEMENTS ................................................................................................................................................. | 30 |
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME ................................................................................................................................................................. | 31 |
CONSOLIDATED STATEMENT OF FINANCIAL POSITION ......................................................................................................................................................................... | 32 |
CONSOLIDATED STATEMENT OF CASH FLOWS .................................................................................................................................................................................... | 33 |
STATEMENT OF CHANGES IN CONSOLIDATED SHAREHOLDERS' EQUITY ........................................................................................................................................... | 34 |
EXPLANATORY NOTES TO THE HALF-YEARCONDENSED CONSOLIDATED FINANCIAL STATEMENTS...................................................................................................................... | 35 |
CERTIFICATION OF THE HALF-YEAR CONDENSED CONSOLIDATED FINANCIAL STATEMENTS PURSUANT TO ARTICLE 81-TER OF | |
CONSOB REGULATION NO. 11971 OF MAY 14, 1999, AS SUBSEQUENTLY AMENDED AND SUPPLEMENTED .......................................... | 73 |
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CERVED GROUP S.P.A.
COMPANY DATA
Parent Company's Registered Office
Cerved Group S.p.A.
Via Dell'Unione Europea 6A, 6B
San Donato Milanese (MI)
Parent Company's Statutory Data
Subscribed and paid-in share capital of Euro 50,521,142.00
Milan Company Register No. 08587760961
Milan R.E.A. No. 2035639
Tax I.D. and VAT No. 08587760961
Corporate website: company.cerved.com
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CERVED GROUP S.P.A.
COMPOSITION OF CORPORATE BODIES
Board of Directors1 | Gianandrea De Bernardis | Executive Chairperson |
Andrea Mignanelli | CEO | |
Andrea Casalini | Independent Director | |
Mara Anna Rita Caverni | Independent Director | |
Fabio Cerchiai | Director and Lead Independent Director | |
Sabrina Delle Curti | Director | |
Valentina Montanari | Independent Director | |
Umberto Carlo Maria Nicodano | Director | |
Mario Francesco Pitto | Independent Director | |
Aurelio Regina | Independent Director | |
Alessandra Stabilini | Independent Director | |
Control, Risk and Sustainability Committee | Alessandra Stabilini | Chairperson |
Mara Anna Rita Caverni | ||
Valentina Montanari | ||
Compensation and Nominating Committee | Aurelio Regina | Chairperson |
Umberto Carlo Maria Nicodano | ||
Fabio Cerchiai | ||
Valentina Montanari | ||
Related Party Committee | Andrea Casalini | Chairperson |
Umberto Carlo Maria Nicodano | ||
Marco Francesco Pitto | ||
Alessandra Stabilini | ||
Board of Statutory Auditors2 | Antonella Bientinesi | Chairperson |
Gilberto Comi | Standing Auditor | |
Costanza Bonelli | Standing Auditor | |
Paolo Baruffi | Alternate Auditor | |
Antonio Mele | Alternate Auditor | |
Independent Auditors | PricewaterhouseCoopers S.p.A. | |
Corporate Accounting Documents Officer3 | Francesca Perulli |
- Elected by the Shareholders' Meeting on April 16, 2019 for a term of office ending with the approval of the statutory financial statements at December 31, 2021.
- Elected by the Shareholders' Meeting on May 20, 2020 for a term of office ending with the approval of the statutory financial statements at December 31, 2022.
- Elected by the Board of Directors on April 19, 2019.
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CERVED GROUP S.P.A.
STRUCTURE OF THE GROUP
The Cerved Group is the leading Italian operator in offering credit assessment and management services to banks, companies and professionals. Through Cerved Credit Management Group S.r.l. and its subsidiaries, it is one of the leading independent players in the management of non-performing loans and, through Cerved Rating Agency, one of the leading European rating agencies.
The diagram that follows depicts the structure of the Cerved Group at June 30, 2021:
*Galileo Vehicles: Galileo SPV 10 S.r.l., Galileo SPV 20 S.r.l., Galileo SPV 30 S.r.l., Galileo SPV 40 S.r.l., Galileo SPV 50 S.r.l., Galileo SPV 60 S.r.l., Galileo SPV 70 S.r.l., Galileo SPV 80 S.r.l., Galileo SPV 90 S.r.l., Galileo SPV 100 S.r.l..
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Cerved Information Solutions S.p.A. published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2021 15:25:14 UTC.