(Reuters) -Shares in Italian debt collector doValue rose as much as 14% on Thursday to their highest level since September 2024 after the company upgraded its 2026 guidance and reported strong first-
doValue Shares Climb 14% Following Strong Results and Guidance Boost
doValue's Financial Performance and Future Outlook
(Reuters) -Shares in Italian debt collector doValue rose as much as 14% on Thursday to their highest level since September 2024 after the company upgraded its 2026 guidance and reported strong first-half results late on Wednesday.
First-Half Profit Growth
The company's shares were up 11.4% to 2.72 euros ($3.18) at 08:33 GMT.
Updated Revenue Expectations
DoValue's first-half core profit excluding non-recurring items rose to 99.1 million euros, up 47.2% year-on-year, driven by a strong performance in Italy and continued growth in higher-margin non-NPL (non-performing loans) products.
Analysts' Insights on Dividend Payments
The company now expects 2026 revenue of 800 million euros, up from a previous forecast of 480-490 million euros, and earnings before interest, taxes, depreciation and amortization (EBITDA) excluding non-recurring items of 300 million euros, above its earlier guidance of 185-195 million euros.
Analysts at Banca Akros said they expect the results to increase visibility on the company's 2025 dividend payment.
($1 = 0.8564 euros)
(Reporting by Laura Contemori, editing by)
