Reported Earnings • Apr 06
Full year 2025 earnings released: EPS: €1.33 (vs €3.43 in FY 2024) Full year 2025 results: EPS: €1.33 (down from €3.43 in FY 2024). Revenue: €640.3m (down 22% from FY 2024). Net income: €13.9m (down 60% from FY 2024). Profit margin: 2.2% (down from 4.3% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the IT industry in Italy. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 25% per year. Board Change • Mar 06
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Lead Independent Director Maria Mosconi was the last independent 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. 공지 • Mar 06
OEP IX Master Coöperatief U.A., a fund managed by OEP Capital Advisors L.P. completed the acquisition of 59.29% stake in Digital Value S.p.A. (BIT:DGV) from DV Holding S.p.A. OEP IX Master Coöperatief U.A., a fund managed by OEP Capital Advisors L.P. signed a sale and purchase agreement to acquire 59.29% stake in Digital Value S.p.A. (BIT:DGV) from DV Holding S.p.A. for approximately €175 million on October 20, 2025. A cash consideration valued at €29 per share will be paid by OEP Capital Advisors L.P. The purchase price is fixed and will not be subject to any adjustments after the closing of the transaction.
The Closing is subject to the fulfilment of certain conditions precedent regarding, inter alia, (a) the obtainment of all authorizations and consents required by law, including those authorizations required by the EU antitrust authority and Compliance with the Golden Power legislation (FDI clearance), and (b) the lack of occurrence of certain material events between the date of signing of the Sale and Purchase Agreement and the Closing date which impact (or may impact) or disrupt (or may disrupt) the business and/or financial conditions/prospects of the Digital Value companies. Following the Closing, pursuant to the Sale and Purchase Agreement, the Purchaser (or BidCo, as the case may be) will hold the Controlling Interest, representing a percentage of the corporate capital of Digital Value not lower than 57.8%. Upon completion of such acquisition, a mandatory public tender offer will be launched by OEP IX Master Coöperatief U.A. (either directly or through an affiliate) on the remaining outstanding share capital of Digital Value S.p.A., aimed at obtaining the delisting.
The closing of the transaction is expected to take place by January 2026. On February 5, 2026, the transaction has been approved by the European Union.
Vittorio Palladino, Andrew Dunn and Tim Borneck. Giulio Godi and Edoardo Schiavina of Equita SIM S.p.A. acted as financial advisor for OEP Capital Advisors L.P. Allen Overy Shearman Sterling - Studio Legale Associato acted as legal advisor for OEP Capital Advisors L.P. Bonelli Erede Pappalardo Studio Legale acted as legal advisor for DV Holding S.p.A. DGPA & Co. S.r.l. acted as financial advisor for DV Holding S.p.A. Monia Giustozzi, Melchiorre Sorrentino and Marta Simionato of PricewaterhouseCoopers Advisory S.p.A. acted as due diligence advisor to OEP Capital Advisors L.P. PWC TLS Associazione Professionale di Avvocati e Commercialisti acted as legal advisor to OEP Capital Advisors L.P. Clairfield International acted as financial advisor to OEP Capital Advisors L.P.
OEP IX Master Coöperatief U.A., a fund managed by OEP Capital Advisors L.P. completed the acquisition of 59.29% stake in Digital Value S.p.A. (BIT:DGV) from DV Holding S.p.A. on March 5, 2026. New Risk • Oct 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risk Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (2.8% net profit margin). 공지 • Oct 21
Funds managed by OEP Capital Advisors L.P. signed a sale and purchase agreement to acquire 57.81% stake in Digital Value S.p.A. (BIT:DGV) from DV Holding S.p.A. for approximately €170 million. Funds managed by OEP Capital Advisors L.P. signed a sale and purchase agreement to acquire 57.81% stake in Digital Value S.p.A. (BIT:DGV) from DV Holding S.p.A. for approximately €170 million on October 20, 2025. A cash consideration valued at €29 per share will be paid by OEP Capital Advisors L.P. The purchase price is fixed and will not be subject to any adjustments after the closing of the transaction.
The Closing is subject to the fulfilment of certain conditions precedent regarding, inter alia, (a) the obtainment of all authorizations and consents required by law, including those authorizations required by the EU antitrust authority and Compliance with the Golden Power legislation (FDI clearance), and (b) the lack of occurrence of certain material events between the date of signing of the Sale and Purchase Agreement and the Closing date which impact (or may impact) or disrupt (or may disrupt) the business and/or financial conditions/prospects of the Digital Value companies. Following the Closing, pursuant to the Sale and Purchase Agreement, the Purchaser (or BidCo, as the case may be) will hold the Controlling Interest, representing a percentage of the corporate capital of Digital Value not lower than 57.8%. Upon completion of such acquisition, a mandatory public tender offer will be launched by OEP IX Master Coöperatief U.A. (either directly or through an affiliate) on the remaining outstanding share capital of Digital Value S.p.A., aimed at obtaining the delisting.
The closing of the transaction is expected to take place by January 2026.
The One Equity Partners team was led by Vittorio Palladino, Andrew Dunn and Tim Borneck. Giulio Godi and Edoardo Schiavina of Equita SIM S.p.A. acted as financial advisor for OEP Capital Advisors L.P. Allen Overy Shearman Sterling - Studio Legale Associato acted as legal advisor for OEP Capital Advisors L.P. Bonelli Erede Pappalardo Studio Legale acted as legal advisor for DV Holding S.p.A. DGPA & Co. S.r.l. acted as financial advisor for DV Holding S.p.A. Reported Earnings • Oct 01
First half 2025 earnings released: EPS: €0.57 (vs €2.22 in 1H 2024) First half 2025 results: EPS: €0.57 (down from €2.22 in 1H 2024). Revenue: €302.0m (down 33% from 1H 2024). Net income: €6.23m (down 72% from 1H 2024). Profit margin: 2.1% (down from 4.9% in 1H 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 43% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the IT industry in Italy. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. 
