05/12/2016 13:16
Books segment grew by 16.9% in trade
(Il Sole 24 Ore Thomson Plus) – Milan, 12 May – The group
Mondadori has ended the first three months of the year with revenues
up 2.2% Consolidated net with a reversal of
trend than in previous quarters: 254.8 million to
March 31, 2016 and 249.2 million for the first quarter 2015. The
mol consolidated and ‘grew by 22.1% to 8.5 million and the
Group net loss of activity ‘in continuity’ and ‘
reduced to 1.8 million, an improvement of more than 50%
compared to -3.7 million euro at 31 March 2015. The
Net debt down to -224.9
million compared with -319.2 million at 31 March 2015. In
industry books the group has confirmed the leadership of
market with a share of 22.9% in the trade. This business area
reported third-quarter revenues of 63.4 million,
increase of 13.3% and in particular the trade area recorded
a 16.9% growth due to the ongoing positive
performance of securities sales launched in late 2015. To
the end of the current year, the group estimates Segrate
an increase of 14% in revenues, an EBITDA at the level
operating, an increase of 30%, while the position
net debt, including the effects of the transactions
Rizzoli Books and Banzai Media Holding and the planned
cessions in accordance ‘with the provisions
AGCM, and ‘expected an increase compared to the end of 2015, with
a Net debt / EBITDA ratio around 3.5x / 3.6x, lower
compared to 4.5x banking covenants.
Com-Tmm
(RADIOCOR) 12/05/16 13:16:54 (0394) 3 NNNN
No comments:
Post a Comment