View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsIVS Group 향후 성장Future 기준 점검 1/6IVS Group은 연간 수입과 매출이 각각 8.7%와 2% 증가할 것으로 예상되고 EPS는 연간 6.8%만큼 증가할 것으로 예상됩니다.핵심 정보8.7%이익 성장률6.84%EPS 성장률Consumer Retailing 이익 성장11.3%매출 성장률2.0%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트01 Oct 2024최근 향후 성장 업데이트업데이트 없음모든 업데이트 보기Recent updatesNew Risk • Sep 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Shares are highly illiquid. Minor Risk Large one-off items impacting financial results.Reported Earnings • Sep 07Second quarter 2024 earnings released: EPS: €0.02 (vs €0.022 in 2Q 2023)Second quarter 2024 results: EPS: €0.02. Revenue: €188.3m (flat on 2Q 2023). Net income: €2.05m (up 3.0% from 2Q 2023). Profit margin: 1.1% (in line with 2Q 2023).Board Change • Sep 04Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Non Executive Director Fabrizio Donega was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • May 01IVS Group S.A., Annual General Meeting, Jun 07, 2024IVS Group S.A., Annual General Meeting, Jun 07, 2024, at 11:00 Central European Standard Time. Location: IVS Group registered office, 18 Rue de l'Eau L - 1449, L-Luxembourg, Grand Duchy of Luxembourg Grand Duch Of Luxembourg Luxembourg공시 • Apr 24E-Coffee Solutions S.r.l. entered into investment agreement to acquire IVS Group S.A. (BIT:IVS) from Ivs Partecipazioni S.P.A., Torino 1895 Investimenti S.p.A. and others for €650 million.E-Coffee Solutions S.r.l. entered into investment agreement to acquire IVS Group S.A. (BIT:IVS) from Ivs Partecipazioni S.P.A., Torino 1895 Investimenti S.p.A. and others for €650 million on April 22, 2024. Offer price per share is €7.15. Ivs Partecipazioni committed tender 56,945,752 shares and Torino 1895 committed to tender 18,588,139 shares.The transaction is subject to regulatory approvals. Possible sell-out and/or squeeze-out procedures could take place pursuant to applicable laws. PedersoliGattai and Arendt & Medernach SA acted as legal advisor and BNPP SA (Italy branch) acted as financial advisor to E-Coffee Solutions and Torino 1895 Investimenti. Latham & Watkins LLP and TALEA TAX LEGAL ADVISORY acted as legal advisor to Ivs Partecipazioni S.P.A.Board Change • Feb 14Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Non Executive Director Fabrizio Donega was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 16Third quarter 2023 earnings released: €0.01 loss per share (vs €0.02 profit in 3Q 2022)Third quarter 2023 results: €0.01 loss per share (down from €0.02 profit in 3Q 2022). Revenue: €167.7m (down 2.5% from 3Q 2022). Net loss: €836.0k (down 147% from profit in 3Q 2022). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.공시 • Nov 15+ 4 more updatesIVS Group S.A. to Report Q1, 2024 Results on May 14, 2024IVS Group S.A. announced that they will report Q1, 2024 results on May 14, 2024New Risk • Sep 11New major risk - Revenue and earnings growthEarnings have declined by 35% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings have declined by 35% per year over the past 5 years.Reported Earnings • Sep 11Second quarter 2023 earnings released: EPS: €0.022 (vs €0.031 in 2Q 2022)Second quarter 2023 results: EPS: €0.022 (down from €0.031 in 2Q 2022). Revenue: €187.4m (up 82% from 2Q 2022). Net income: €1.99m (down 27% from 2Q 2022). Profit margin: 1.1% (down from 2.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Consumer Retailing industry in the United Kingdom.Upcoming Dividend • Jul 17Upcoming dividend of €0.11 per share at 2.2% yieldEligible shareholders must have bought the stock before 24 July 2023. Payment date: 26 July 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.2%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (4.5%).Board Change • May 23Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. 2 independent directors (9 non-independent directors). Vice Chairman Paolo Caporali was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Apr 28Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. 2 independent directors (9 non-independent directors). Vice Chairman Paolo Caporali was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Apr 01Full year 2022 earnings released: EPS: €0.09 (vs €0.14 in FY 2021)Full year 2022 results: EPS: €0.09. Revenue: €542.1m (up 50% from FY 2021). Net income: €6.24m (up 16% from FY 2021). Profit margin: 1.2% (down from 1.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Consumer Retailing industry in the United Kingdom.Board Change • Mar 22Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Non-Executive Director Marco Fumagalli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Jan 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Non-Executive Director Marco Fumagalli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Board Change • Dec 06Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Non-Executive Director Marco Fumagalli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Nov 15+ 4 more updatesIVS Group S.A. to Report Fiscal Year 2022 Results on Mar 30, 2023IVS Group S.A. announced that they will report fiscal year 2022 results on Mar 30, 2023Board Change • Oct 13Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Non-Executive Director Marco Fumagalli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Oct 12IVS Group S.A. (BIT:IVS) agreed to acquire Sarl Alfragest.IVS Group S.A. (BIT:IVS) agreed to acquire Sarl Alfragest on October 10, 2022. The acquisition, whose closing is expected by the year end.Upcoming Dividend • Sep 12Upcoming dividend of €0.11 per shareEligible shareholders must have bought the stock before 19 September 2022. Payment date: 21 September 2022. Trailing yield: 2.6%. Lower than top quartile of British dividend payers (5.5%). Higher than average of industry peers (0.4%).Reported Earnings • Sep 10Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €103.6m (up 18% from 2Q 2021). Net income: €2.73m (down 53% from 2Q 2021). Profit margin: 2.6% (down from 6.7% in 2Q 2021). Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Online Retail industry in the United Kingdom.Board Change • Sep 05Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). Independent Non-Executive Director Marco Fumagalli was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Jul 29Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). Independent Non-Executive Director Marco Fumagalli was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Jul 03IVS Group S.A. (BIT:IVS) completed the acquisition of a 94.6% stake in Liomatic Spa from Ca.F.Im. S.R.L. and others.IVS Group S.A. (BIT:IVS) signed a framework contract to acquire an 80% stake in Liomatic S.p.A. from Cafim s.r.l for an enterprise value of approximately €150 million on October 22, 2021. IVS Group will finance the transaction with new equity, through a capital increase for a total value of around €100 million. According to the structure of the business combination, Cafim s.r.l will reinvest in IVS a major portion, around 70%, of the agreed price. Liomatic reported sales of €109 million in 2020. Paolo Caporali will be appointed as member of the Board of Directors of IVS Group S.A. The completion of acquisition, including the immediate start of a confirmatory due diligence, is expected in early 2022. Paolo Ziotti of TALEA Tax Legal Advisory and Antonio Coletti of Latham & Watkins acted as legal advisors for IVS Group. Andrea Netti and Eleonora Netti of ADR s.r.l. acted as legal advisor for Cafim s.r.l. IVS Group S.A. (BIT:IVS) completed the acquisition of a 94.6% stake in Liomatic Spa from Ca.F.Im. S.R.L. and others on July 1, 2022. IVS Group also completed the acquisition of GeSA, along with Liomatic for a combined value of approximately €190 million. The combined deal has been financed with the proceeds of the rights issue amounting to €186 million closed on June 2022 and other cash available. The shareholders of Liomatic and GeSA reinvested over 70% of the price, becoming shareholders of IVS Partecipazioni SpA.Board Change • Jun 13Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). Independent Non-Executive Director Marco Fumagalli was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Mar 23Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). Executive Chairman of the Board Paolo Covre was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Feb 18IVS Group S.A. to Report Fiscal Year 2021 Results on Mar 04, 2022IVS Group S.A. announced that they will report fiscal year 2021 results on Mar 04, 2022Board Change • Feb 09Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). Executive Chairman of the Board Paolo Covre was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공시 • Jan 06IVS Group S.A. (BIT:IVS) enetered into an agreement to acquire 75.8% stake in Ge.S.A. Spa for €84 million.IVS Group S.A. (BIT:IVS) enetered into an agreement to acquire 75.8% stake in Ge.S.A. Spa for €84 million on January 5, 2022. The acquisition of this equity stake, added to the 24.2% interest in GeSA owned by Liomatic Group, with whom, at the end of October 2021, IVS Group signed a similar agreement, will allow the full control also of GeSA, that will be consolidated within IVS Group at the execution of the transaction. The price has been preliminarily fixed at €84 million, subject to price adjustments according to the net financial position at the closing date. According to the structure of the transaction, it is expected that the sellers of the 75.8% of GeSA will reinvest a significant portion of the agreed price, around 75%, in IVS Partecipazioni S.p.A. (the controlling shareholder of IVS Group, with approximately 62.15%, calculated net of treasury shares), receiving an equity interest in IVS Partecipazioni of around 10-11%. IVS Group will finance the acquisition of the 75.8% shareholding in GeSA with new equity, expanding the capital increase already planned for the acquisition of Liomatic Group. The capital increase, offered in option to the market, for which Equita S.I.M. has been appointed Financial Advisor and Placement Agent, will therefore be increased, from around €100 million to around €185 million, and it will be subscribed, at least pro-quota, by IVS Partecipazioni. GeSA sales were equal to €60 million in 2020 and €74 in 2019, before the Covid pandemic crisis with EBITDA margins slightly below 14%. The completion of all the passages of the transaction, from the immediate start of a Confirmatory Due Dilicence, to the completion of the capital increase, is expected by the second quarter 2022.Board Change • Dec 28Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). Executive Chairman of the Board Paolo Covre was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Nov 08Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). Executive Chairman of the Board Paolo Covre was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Oct 18Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). Executive Chairman of the Board Paolo Covre was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Reported Earnings • Sep 10Second quarter 2021 earnings released: EPS €0.17 (vs €0.13 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €87.7m (up 43% from 2Q 2020). Net income: €5.85m (up €10.7m from 2Q 2020). Profit margin: 6.7% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.Board Change • Sep 09Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). Executive Chairman of the Board Paolo Covre was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.이익 및 매출 성장 예측LSE:0OLX - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202677021N/AN/A112/31/202576322N/AN/A112/31/202475619N/AN/A16/30/2024727171481N/A3/31/202472617972N/A12/31/2023726162078N/A9/30/202371943288N/A6/30/202371681568N/A3/31/20236319653N/A12/31/20225406-835N/A9/30/20224586-428N/A6/30/202238443359N/A3/31/202237383861N/A12/31/202135655878N/A9/30/2021342-134971N/A6/30/2021335-166284N/A3/31/2021309-266685N/A12/31/2020330-153775N/A9/30/202036662971N/A6/30/202039210-1237N/A3/31/202044920-951N/A12/31/2019463181667N/A9/30/201945519255N/A6/30/2019448211366N/A3/31/2019441241161N/A12/31/201843423-149N/A9/30/2018427241161N/A6/30/2018421252477N/A3/31/201841520N/A61N/A12/31/201740920N/A61N/A9/30/201739619N/A57N/A6/30/201738616N/A51N/A3/31/201737519N/A60N/A12/31/201636217N/A53N/A9/30/2016360-20N/A51N/A6/30/2016357-19N/A50N/A3/31/2016352-20N/A38N/A12/31/2015348-19N/A48N/A9/30/201534216N/A53N/A6/30/201533410N/A59N/A3/31/20153288N/A59N/A12/31/20143222N/A53N/A9/30/20143190N/A50N/A6/30/20143152N/A40N/A3/31/20143131N/A27N/A12/31/20133136N/A31N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 0OLX 의 연간 예상 수익 증가율(8.7%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: 0OLX 의 연간 수익(8.7%)이 UK 시장(11.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: 0OLX 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: 0OLX 의 수익(연간 2%)이 UK 시장(연간 4.5%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: 0OLX 의 수익(연간 2%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 0OLX의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YConsumer-retailing 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/10/31 19:13종가2024/09/03 00:00수익2024/06/30연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스IVS Group S.A.는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Luigi De BellisEquita SIM S.p.A.
New Risk • Sep 13New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 30% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.7x net interest cover). Shares are highly illiquid. Minor Risk Large one-off items impacting financial results.
Reported Earnings • Sep 07Second quarter 2024 earnings released: EPS: €0.02 (vs €0.022 in 2Q 2023)Second quarter 2024 results: EPS: €0.02. Revenue: €188.3m (flat on 2Q 2023). Net income: €2.05m (up 3.0% from 2Q 2023). Profit margin: 1.1% (in line with 2Q 2023).
Board Change • Sep 04Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Non Executive Director Fabrizio Donega was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • May 01IVS Group S.A., Annual General Meeting, Jun 07, 2024IVS Group S.A., Annual General Meeting, Jun 07, 2024, at 11:00 Central European Standard Time. Location: IVS Group registered office, 18 Rue de l'Eau L - 1449, L-Luxembourg, Grand Duchy of Luxembourg Grand Duch Of Luxembourg Luxembourg
공시 • Apr 24E-Coffee Solutions S.r.l. entered into investment agreement to acquire IVS Group S.A. (BIT:IVS) from Ivs Partecipazioni S.P.A., Torino 1895 Investimenti S.p.A. and others for €650 million.E-Coffee Solutions S.r.l. entered into investment agreement to acquire IVS Group S.A. (BIT:IVS) from Ivs Partecipazioni S.P.A., Torino 1895 Investimenti S.p.A. and others for €650 million on April 22, 2024. Offer price per share is €7.15. Ivs Partecipazioni committed tender 56,945,752 shares and Torino 1895 committed to tender 18,588,139 shares.The transaction is subject to regulatory approvals. Possible sell-out and/or squeeze-out procedures could take place pursuant to applicable laws. PedersoliGattai and Arendt & Medernach SA acted as legal advisor and BNPP SA (Italy branch) acted as financial advisor to E-Coffee Solutions and Torino 1895 Investimenti. Latham & Watkins LLP and TALEA TAX LEGAL ADVISORY acted as legal advisor to Ivs Partecipazioni S.P.A.
Board Change • Feb 14Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Non Executive Director Fabrizio Donega was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 16Third quarter 2023 earnings released: €0.01 loss per share (vs €0.02 profit in 3Q 2022)Third quarter 2023 results: €0.01 loss per share (down from €0.02 profit in 3Q 2022). Revenue: €167.7m (down 2.5% from 3Q 2022). Net loss: €836.0k (down 147% from profit in 3Q 2022). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Consumer Retailing industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
공시 • Nov 15+ 4 more updatesIVS Group S.A. to Report Q1, 2024 Results on May 14, 2024IVS Group S.A. announced that they will report Q1, 2024 results on May 14, 2024
New Risk • Sep 11New major risk - Revenue and earnings growthEarnings have declined by 35% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings have declined by 35% per year over the past 5 years.
Reported Earnings • Sep 11Second quarter 2023 earnings released: EPS: €0.022 (vs €0.031 in 2Q 2022)Second quarter 2023 results: EPS: €0.022 (down from €0.031 in 2Q 2022). Revenue: €187.4m (up 82% from 2Q 2022). Net income: €1.99m (down 27% from 2Q 2022). Profit margin: 1.1% (down from 2.7% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Consumer Retailing industry in the United Kingdom.
Upcoming Dividend • Jul 17Upcoming dividend of €0.11 per share at 2.2% yieldEligible shareholders must have bought the stock before 24 July 2023. Payment date: 26 July 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.2%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (4.5%).
Board Change • May 23Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. 2 independent directors (9 non-independent directors). Vice Chairman Paolo Caporali was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Apr 28Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 10 experienced directors. No highly experienced directors. 2 independent directors (9 non-independent directors). Vice Chairman Paolo Caporali was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Apr 01Full year 2022 earnings released: EPS: €0.09 (vs €0.14 in FY 2021)Full year 2022 results: EPS: €0.09. Revenue: €542.1m (up 50% from FY 2021). Net income: €6.24m (up 16% from FY 2021). Profit margin: 1.2% (down from 1.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Consumer Retailing industry in the United Kingdom.
Board Change • Mar 22Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Non-Executive Director Marco Fumagalli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Jan 27Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Non-Executive Director Marco Fumagalli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Board Change • Dec 06Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Non-Executive Director Marco Fumagalli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Nov 15+ 4 more updatesIVS Group S.A. to Report Fiscal Year 2022 Results on Mar 30, 2023IVS Group S.A. announced that they will report fiscal year 2022 results on Mar 30, 2023
Board Change • Oct 13Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Non-Executive Director Marco Fumagalli was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Oct 12IVS Group S.A. (BIT:IVS) agreed to acquire Sarl Alfragest.IVS Group S.A. (BIT:IVS) agreed to acquire Sarl Alfragest on October 10, 2022. The acquisition, whose closing is expected by the year end.
Upcoming Dividend • Sep 12Upcoming dividend of €0.11 per shareEligible shareholders must have bought the stock before 19 September 2022. Payment date: 21 September 2022. Trailing yield: 2.6%. Lower than top quartile of British dividend payers (5.5%). Higher than average of industry peers (0.4%).
Reported Earnings • Sep 10Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: €103.6m (up 18% from 2Q 2021). Net income: €2.73m (down 53% from 2Q 2021). Profit margin: 2.6% (down from 6.7% in 2Q 2021). Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Online Retail industry in the United Kingdom.
Board Change • Sep 05Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). Independent Non-Executive Director Marco Fumagalli was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Jul 29Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). Independent Non-Executive Director Marco Fumagalli was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Jul 03IVS Group S.A. (BIT:IVS) completed the acquisition of a 94.6% stake in Liomatic Spa from Ca.F.Im. S.R.L. and others.IVS Group S.A. (BIT:IVS) signed a framework contract to acquire an 80% stake in Liomatic S.p.A. from Cafim s.r.l for an enterprise value of approximately €150 million on October 22, 2021. IVS Group will finance the transaction with new equity, through a capital increase for a total value of around €100 million. According to the structure of the business combination, Cafim s.r.l will reinvest in IVS a major portion, around 70%, of the agreed price. Liomatic reported sales of €109 million in 2020. Paolo Caporali will be appointed as member of the Board of Directors of IVS Group S.A. The completion of acquisition, including the immediate start of a confirmatory due diligence, is expected in early 2022. Paolo Ziotti of TALEA Tax Legal Advisory and Antonio Coletti of Latham & Watkins acted as legal advisors for IVS Group. Andrea Netti and Eleonora Netti of ADR s.r.l. acted as legal advisor for Cafim s.r.l. IVS Group S.A. (BIT:IVS) completed the acquisition of a 94.6% stake in Liomatic Spa from Ca.F.Im. S.R.L. and others on July 1, 2022. IVS Group also completed the acquisition of GeSA, along with Liomatic for a combined value of approximately €190 million. The combined deal has been financed with the proceeds of the rights issue amounting to €186 million closed on June 2022 and other cash available. The shareholders of Liomatic and GeSA reinvested over 70% of the price, becoming shareholders of IVS Partecipazioni SpA.
Board Change • Jun 13Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 11 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). Independent Non-Executive Director Marco Fumagalli was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Mar 23Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). Executive Chairman of the Board Paolo Covre was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Feb 18IVS Group S.A. to Report Fiscal Year 2021 Results on Mar 04, 2022IVS Group S.A. announced that they will report fiscal year 2021 results on Mar 04, 2022
Board Change • Feb 09Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). Executive Chairman of the Board Paolo Covre was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공시 • Jan 06IVS Group S.A. (BIT:IVS) enetered into an agreement to acquire 75.8% stake in Ge.S.A. Spa for €84 million.IVS Group S.A. (BIT:IVS) enetered into an agreement to acquire 75.8% stake in Ge.S.A. Spa for €84 million on January 5, 2022. The acquisition of this equity stake, added to the 24.2% interest in GeSA owned by Liomatic Group, with whom, at the end of October 2021, IVS Group signed a similar agreement, will allow the full control also of GeSA, that will be consolidated within IVS Group at the execution of the transaction. The price has been preliminarily fixed at €84 million, subject to price adjustments according to the net financial position at the closing date. According to the structure of the transaction, it is expected that the sellers of the 75.8% of GeSA will reinvest a significant portion of the agreed price, around 75%, in IVS Partecipazioni S.p.A. (the controlling shareholder of IVS Group, with approximately 62.15%, calculated net of treasury shares), receiving an equity interest in IVS Partecipazioni of around 10-11%. IVS Group will finance the acquisition of the 75.8% shareholding in GeSA with new equity, expanding the capital increase already planned for the acquisition of Liomatic Group. The capital increase, offered in option to the market, for which Equita S.I.M. has been appointed Financial Advisor and Placement Agent, will therefore be increased, from around €100 million to around €185 million, and it will be subscribed, at least pro-quota, by IVS Partecipazioni. GeSA sales were equal to €60 million in 2020 and €74 in 2019, before the Covid pandemic crisis with EBITDA margins slightly below 14%. The completion of all the passages of the transaction, from the immediate start of a Confirmatory Due Dilicence, to the completion of the capital increase, is expected by the second quarter 2022.
Board Change • Dec 28Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). Executive Chairman of the Board Paolo Covre was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Nov 08Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). Executive Chairman of the Board Paolo Covre was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Oct 18Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). Executive Chairman of the Board Paolo Covre was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Reported Earnings • Sep 10Second quarter 2021 earnings released: EPS €0.17 (vs €0.13 loss in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €87.7m (up 43% from 2Q 2020). Net income: €5.85m (up €10.7m from 2Q 2020). Profit margin: 6.7% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance.
Board Change • Sep 09Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 12 experienced directors. No highly experienced directors. 3 independent directors (8 non-independent directors). Executive Chairman of the Board Paolo Covre was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.