1. Italy Stocks

  2. •

    Consumer Cyclical

  3. •

    Specialty Retail
IVS Group S.A.

IVS Group S.A.

IVS.MI
IVS Group S.A.IT flagItalian Stock Exchange
7.16
EUR
+0.02
- -
647.62MMarket Cap
IVS Group S.A.
IVS.MI
(Italian Stock Exchange)

Recent

price

7.16

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
52.53
54.69
53.27
32.81
8.84
6.99
7.21
7.76
8.02
9.26
10.18
10.8
7.68
9.59
7.93
8.06
7.68
Revenue per Share
-1.5
0.01
1.18
0.32
-0.46
0.13
0.04
-0.43
0.37
0.44
0.54
0.43
-0.36
0.14
0.09
0.18
0.18
Basic EPS, GAAP
-2.16
3.74
0.17
0.35
-0.22
-0.12
0.37
0.34
0.27
0.23
-0.03
0.36
0.93
1.56
-0.07
0.22
0.15
Free Cash Flow per Basic Share
0.01
- -
- -
- -
- -
0.12
0.1
0.1
0.01
0.2
0.25
0.26
- -
- -
0.16
0.12
- -
Dividend per Share
8.11
5.77
10.09
5.52
-1.09
-0.71
-0.85
-1.41
-1.07
-0.7
-0.36
-0.01
-0.37
-0.29
-0.21
0.03
0.08
Book Value per Share
-44.54
-49.86
-48.84
-28.98
-1.93
-1.31
-2.08
-2.64
-2.4
-2.8
-2.77
-3.22
-3.1
-3.4
-1.99
-1.53
-1.42
Tangible Book Value per Share
5
5
5
8
34
45
45
45
45
44
43
43
43
37
68
90
95
Basic Weighted Avg Shares
260
270
263
278
298
313
322
348
362
409
434
463
330
356
542
726
727
Sales/Revenue/Turnover
8.53
5.59
7.14
8.78
7.81
8.46
8.35
2.49
11.29
10.16
10.63
9.97
2.74
2.98
4.09
4.79
4.96
Operating Margin (%)
33
37
37
35
38
40
40
39
40
49
47
61
81
61
70
80
80
Depreciation Expense
-7
- -
6
3
-15
6
2
-19
17
20
23
18
-15
5
6
16
17
Net Income, GAAP
- -
85.15
45.97
62.22
- -
5.15
38.26
- -
20.73
28.21
23.8
16.3
- -
- -
- -
7.5
8.88
Effective Tax Rate (%)
-2.86
0.01
2.21
0.96
-5.18
1.81
0.53
-5.59
4.66
4.77
5.35
4
-4.65
1.51
1.15
2.23
2.31
Profit Margin (%)
-198
-73
-69
-101
-90
30
39
-11
29
-12
-10
55
79
73
31
50
38
Working Capital
153
318
136
294
114
228
279
257
284
275
281
436
442
415
447
452
299
LT Debt
52
51
55
60
298
304
293
274
290
303
317
329
313
320
511
515
517
Total Equity
- -
0.54
3.06
2.52
- -
4.6
2.72
- -
4.34
4.65
5.23
5.27
- -
- -
- -
3.01
3.51
Return on Invested Capital (%)
- -
-0.07
3.68
1.79
- -
9.37
4.62
- -
7.24
9.01
9.27
8.78
- -
- -
- -
5.93
8.18
Return on Capital (%)
- -
0.11
14.86
5.55
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
106
3
6
LT Borrowings
410
299
299
LT Finance Leases
42
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
90
90
90
Market Capitalization
487
611
675

Working Capital

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
338
339
347
Cash, Cash Equivalents & STI
141
143
146
Accounts Receivable, Net
66
67
69
Inventories
84
82
84
Total Current Liabilities
288
293
309
Payables & Accruals
- -
- -
- -
ST Debt
106
3
6
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.65%
12.3%
0.75%
Free Cash Flow
-211.21%
-311.31%
-506.71%
Net Income, GAAP
-161.7%
-32.37%
160.03%
Sales/Revenue/Turnover
10.63%
14.4%
33.96%
Total Cash Common Dividend
- -
- -
-4.53%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
92
105
164
181
542
2023
184
187
168
188
726
2024
183
188
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
0.09
2023
0.03
- -
- -
- -
0.18
2024
0.03
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
0.16
2023
- -
- -
- -
- -
0.12
2024
- -
- -
- -
- -
- -
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Business
IVS Group S.A. operates as a leading foodservice provider specializing in automatic and semi-automatic vending machines for hot and cold beverages, snacks, confectionery, and in-between meals; office coffee service (OCS) solutions; resale of vending equipment; Ho.Re.Ca. (hotel, restaurant, and catering) services; and coin-operated payment systems including the CoffeecApp platform with over 1.8 million registered users. The company manages approximately 279,300 vending machines across around 133 branches, serving more than 15,000 corporate clients, public entities, and transit locations with over 980 million vends annually. Founded in 1972 and headquartered in Luxembourg with primary operations in Italy (around 80% of sales), it extends activities to France, Spain, Germany, Poland, Portugal, Switzerland, and other European markets through segments including Italy, France, Spain, Switzerland, and Coin. In recent developments, IVS Group completed 14 acquisitions in Italy and abroad during 2024, acquired Time Vending S.r.l. in December 2023, secured a new €450 million credit line in July 2025, redeemed its Senior Unsecured Notes 3% 2019-2026 in November 2025, and faced delisting from Borsa Italiana following a voluntary tender offer by FinLav S.p.A. (Lavazza Group) in 2024 that exceeded 25% shareholding. Consolidated revenues reached €733 million in 2024, supported by vending sales of €576 million, resale at €104 million, Ho.Re.Ca. at €29 million, and Coin at €41 million. The company targets workplace, public sector, and high-traffic consumers, emphasizing innovation, sustainability, and European expansion.