Mfe grows, pays the coupon and confirms Confalonieri and Pier Silvio Berlusconi at the top

MILANO – Mfe closes 2023 better than its six forecasts, starts the 2024 with a collection growth of 6%announces one coupon of 0.25 euros per share which does not jeopardize development abroad as done with ProsiebenSat (29.7% controlled), weighs on its debt, and proposes the new list for the renewal of the board of directors with Fedele Confalonieri as president and Pier Silvio Berlusconi as CEO.

Double-digit growth in profits and cash at 279 million

The TV group headed by Berlusconi closed 2023 with revenues consolidated slightly up a 2.81 billion euros (+0.3% compared to 2022), but with an operating result increasing to 302.3 million (+7.9%) e net profitsexcluding the contribution of ProsibienSat, of 217.5 million (+17.7%). Strengthened by these results, the company will propose to the meeting scheduled for June 19th, the distribution of a dividend equal to 0.25 euros for each category A and category B share. And this without weighing on the net financial position at the end of the financial year it was negative for 738 million ( in line with the 732 million in 2022), thanks to a generation of cash is positive for 279.6 million (Despite 145.9 million invested in the minorities of Mediaset Espana and on Prosiebensat and 140 paid in coupons).

2024 is also off to a good start, waiting for Prosiebensat

In the first quarter, the Cologno group’s advertising revenue recorded growth of 6% compared to the same period of 2023. In particular, in Italy the growth in advertising revenues was 5% compared to the first quarter of 2023 (in line with the “extremely positive” trend that characterized the last part of last year), while in Spain the increase in collection was +8%. Positive numbers, which demonstrate Mfe’s ability to grow on her legs, even if Pier Silvio Berlusconi remains determined to consolidate its presence also in Germany, waiting for the German subsidiary ProsiebenSat to express its opinion on the renewal of part of the supervisory board and on Mfe’s proposal to ask an external consultant on the opportunity to sell the activities that are outside the core TV business.

Renewal of the board continuously until 2026

The board of directors of Mfe has also approved its own list for the three-year renewal of the board which will be appointed by the shareholders’ meeting scheduled for June 19th and will expire in 2026. In first place there is and remains Fedele Confalonieri follows CEO Pier Silvio BerlusconiPatrizia Arienti (independent), Stefania Bariatti (independent), and the president of Mondadori Marina Berlusconi, Marina Brogi (independent), Consuelo Crespo Bofill (independent), Francisco Javier Dìez de Polanco (Mediaset Espana), Giulio Gallazzi (independent), the financial director Marco Giordani, general counsel Gina Nieri, Fininvest CEO Danilo PellegrinoAlessandra Piccinino (independent), vice president di Publitalia Niccolò Querci e the CEO as well as responsible for Publitalia’s advertising collection Stefano Sala.