The Board of Directors of Cerved Information Solutions SpA, the top management holding company of the Cerved Group, approved the consolidated results for the first quarter of 2014. It should be recalled that on 2 April 2014, Cerved Information Solutions SpA presented Borsa Italiana with the application for admission to listing of its ordinary shares on the Mercato Telematico Azionario organized and managed by Borsa Italiana SpA and requested the approval and green light from Consob for the publication of the Information Prospectus relating to the Public Offering for Subscription and Sale (OPVS) aimed at listing on the Stock Exchange .
In order to provide the market with complete financial information that reflects the activity that took place for the entire first quarter of 2014, it should be noted that the equity, economic and financial information relating to the quarter ended 31 March 2014 are presented in aggregate form, i.e. they are comprising the equity, economic and financial information of Cerved Group SpA for the period from 1 January 2014 to 31 March 2014 and the equity, economic and financial information of Cerved Information Solutions SpA for the period from 14 March 2014 (date of incorporation of the Company) as of March 31, 2014.
Based on the above, with reference to the period from 1 January 2014 to 31 March 2014, the consolidated results of Cerved Information Solutions SpA reflect revenues of Euro 79,3 million and an EBITDA of Euro 38,1 million. The quarterly financial statements were subjected to a limited audit by PricewaterhouseCoopers SpA, the Company's statutory auditor, which issued its report on 9 May 2014.
