doValue shares tumble on outlook "dependent" on unit's overperformance

doValue

06/08/2026 10:04

** Shares in Italy's doValue DOVA.MI are down 15% after the Italian debt collector showed in its Q2 results and its guidance a potential over-reliance on the performance of unit coeo
** The digital receivables management platform, acquired in 2025 and integrated in April, accounted for 31% of gross revenues in Q2, which stood at €181 million ($208.91 million)
** Kepler Cheuvreux notes instead "legacy Italy delivered what we'd call a poor quarter, with the positive trends built through 2025 now in question"
** First-half collections in Italy fell 16% y/y to €1.11 billion
** A Milan-based trader says "doValue's results fell short of market expectations"
** Group confirmed its 2026 core profit outlook of around €300 million, but highlighted "delivery remains dependent" on coeo's performance
** Kepler sees the guidance "very stretched, given the scale of the Italian shortfall" 
** The stock is now down 31.5%​ YTD


($1 = 0.8664 euros)

 (Reporting by Fabrizio La Rocca)
 ((Fabrizio.larocca@thomsonreuters.com))