Italian debt collector doValue soars on strong Q1 results

doValue

15/05/2025 09:08

** Shares in doValue DOVA.MI rise 11% after the Italian debt collector reported better-than-expected first quarter results and upgraded its 2025 guidance

** "The Italian division is undoubtedly the surprise of the quarter," Equita analysts say, noting the domestic market surpassed Greece as the main contributor to EBITDA

     ** The broker says higher gross revenue and lower costs in Italy led to adj. EBITDA of 29 million euros ($32.5 million) in the country, significantly above Equita's estimate of 16 million euros

** However, Equita maintains its "hold" rating on doValue, as it remains cautious on the targets in the 2026 business plan

($1 = 0.8927 euros)

 (Reporting by Laura Contemori)

 ((Laura.contemori@thomsonreuters.com))