(Finance) – doValue archives the first quarter with a net profit of € 8.9 million, compared to € 5.4 million in the first quarter of 2021. Excluding non-recurring items, net profit amounted to € 10.4 millioncompared to 7.7 million in the first quarter of 2021.
During the first quarter of 2022, the Group added approximately 6.5 billion to its Gross Book Value (GBV), mainly linked for 5.7 billion to the Frontier Project in Greece and for 0.8 billion to flow contracts with Santander, Eurobank and UniCredit. At the end of March 2022, the Gross Book Value was equal to 152.6 billion, compared to 149.5 billion at the end of 2021.
In the quarter they registered gross revenues equal to 131.3 million, with an increase of 3.6% compared to the € 126.6 million recorded in the first quarter of 2021. Servicing revenues, equal to 117.4 million, show an increase of 2.9%. EBITDA excluding non-recurring items, it recorded an increase of 1.6% to 39.3 million.
The Net Debt at the end of March 2022 it amounted to 400.9 million, compared to 401.8 million at the end of 2021. In the first quarter of 2022, the Group’s business generated an Operating Cash Flow of 10.3 million and a Net Cash Flow equal to to about 1 million.
On April 28, 2022, the doValue Shareholders’ Meeting approved the dividend relating to the fiscal year 2021 equal to € 0.50 per share (for an amount of 39.5 million). The dividend was distributed on May 4, 2022 (with an ex-dividend date of May 2, 2022 and a record date of May 3, 2022).