IVS, turnover grows double-digit in the first half

IVS turnover grows double digit in the first half

(Finance) – The Group IVS closes the first half with a consolidated turnover of € 197.5 million (of which € 185.2 million deriving from the core business of vending), with an increase of 18.1% compared to € 167.2 million in 2021 (of which Euro 158 million in vending.

Consolidated reported EBITDA is equal to Euro 37.3 million, + 11.6% compared to Euro 33.4 million in June 2021. Consolidated Adjusted EBITDA, on the other hand, is up by 7.2%, equal to Euro 37 million , from Euro 34.6 million in June 2021,

L’EBIT consolidated increase to Euro 8.7 million at 30 June 2022 (+ 152.7% from Euro 3.4 million in the first half of 2021), due to the
EBITDA and for the greater selection of investments started in 2020, which continues to turn into a lower incidence of
depreciation.

The pre-tax profit is equal to Euro 1.7 million, compared to a loss of Euro 4.2 million in the first half of 2021, thus marking a return
profitability net of tax effects. Consolidated net profit in June 2022 it was equal to Euro 3.1 million (before Euro 0.5 million
results attributable to minorities), compared to Euro 3.7 million in June 2021). The Adjusted Net Result (always before the profits of
third parties) net of items considered non-recurring, is equal to Euro 3.1 million, compared to a result of Euro 4.8 million in June 2021 (which
however, it included tax income of € 7.8 million, of which € 5.4 million attributable to the tax realignment of goodwill and
customer lists).

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