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Business and Financial Review • Jun 14, 2022

Informazione Regolamentata n. 1967-46-2022		Data/Ora Ricezione 13 Giugno 2022 19:15:54	Euronext Milan
Societa'	:	DOVALUE
Identificativo Informazione Regolamentata	:	163581
Nome utilizzatore	:	DOVALUEN08 - Goretti
Tipologia	:	REGEM
Data/Ora Ricezione	:	13 Giugno 2022 19:15:54
Data/Ora Inizio Diffusione presunta	:	14 Giugno 2022 07:30:04
Oggetto	:	Launch of SME business unit in Spain
Testo del comunicato

Vedi allegato.

PRESS RELEASE

LAUNCH OF SME BUSINESS UNIT IN SPAIN

Rome, June 14th, 2022 – doValue S.p.A. ("doValue", the "Group") communicates that, in line with Business Plan 2022-2024 presented to the market on January 26th, 2022, its subsidiary Altamira Asset Management has formally set up a business unit dedicated to the management of Non-performing Exposures (NPE) related to Small and Medium Enterprises (SME) in Spain and that it is significantly investing in its development.

The SME business unit employs about 40 professionals and is currently managing approximately €3 billion of Gross Book Value, a level which is expected to grow over the next few quarters. Whilst the current GBV is mainly composed of Non-performing Loans (NPL), as part of the development of the SME business unit is to further expand also in the Unlikely to Pay (UTP) and Early Arrears segments.

The key strengths of the SME business unit are its broad territorial presence (which mirrors the granularity of the SME segment), the fact that it is fully integrated with the doValue Group from a technological and IT systems point of view and that it can leverage on the Group best in class practices already well developed in Italy and in Greece.

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doValue is the main operator in Southern Europe in the field of credit and real estate management for banks and investors. With more than 20 years of experience and approximately €150 billion of assets under management (Gross Book Value) across Italy, Spain, Portugal, Greece and Cyprus, doValue Group's activities contribute to the economic growth by promoting the sustainable development of the financial system. With its 3,200 employees, doValue offers an integrated range of services: servicing of Non-Performing Loans (NPL), Unlikely To Pay (UTP), Early Arrears, and performing credit, real estate servicing, master servicing, data processing and other ancillary services for credit management. The shares of doValue are listed on the STAR segment of Euronext Milan (EXM) and, in 2021, the Group reported Gross Revenues of approximately €572 million and EBITDA excluding non-recurring items of approximately €201 million.

Contacts

Image Building doValue Media Relations Investor Relations Rafaella Casula (+39 348 306 7877) Alberto Goretti Serena Zagami (+39 02 89011300) +39 02 83460127 dovalue@imagebuilding.it investorrelations@dovalue.it