MILANO – Mfe closes a greater first quarter than anticipated, confirms 5 months of sturdy development in collections and sees a constructive outcome for 2024.
Between January and April collections elevated by 7.1%, with May doing properly
Between January and March the group led by Pier Silvio Berlusconi achieved income development of 8.2% to 699.8 million and a consolidated internet revenue of 16.8 million with a bounce of 66.5%, in comparison with 10, 1 million by 2023. The working outcome (ebit) rose to 23.5 million (+21.8%) and money era (free money stream) grew by 34% to 213 million, lowering monetary debt to 676.9 million on 31 March (from 902.8 million on 31 December 2023).
Gross promoting revenues within the quarter rose by 6.3% to 669.4 million, of which in Italy by 5.7% to 489.2 million (+5.7%) and in Spain by 8% to 180, 2 thousands and thousands. A development that even improved in April, on condition that within the first 4 months the expansion in promoting revenues in Italy and Spain rose by +6.3% and +9.3% respectively, “additional enhancing the already constructive information of the primary quarter” , and so Mfe’s promoting efficiency grows by 7.1% within the first 4 months of 2024.
The targets for all the yr have additionally been confirmed
A development that “appears to persist, with modest variations, even within the first 5 months of the yr”, studies Il Biscione.
Strengthened by these outcomes, the Cologno group confirms the target “of sustaining a decidedly constructive working outcome, internet outcome and money era on an annual foundation” however earlier than exaggerating on the extent of this development, it is going to be obligatory to grasp the development of “promoting income from personal media within the second a part of the yr”.
The analysts, who regardless of having constructive expectations estimated decrease income and money, all welcomed the accounts, e.g the inventory began on the rise on Piazza Affari.
The televisions
Mfe grows, pays the coupon and confirms Confalonieri and Pier Silvio Berlusconi on the prime
of Sarah Bennewitz
Rising outcomes additionally on ProsiebenSat
Now all that continues to be is to attend for the evolution of the German match, the place Mfe controls 29.7%. ProSiebenSat and of which he indicated 4 out of 9 administrators on the supervisory board. The group, as a long-term shareholder, stays “centered on the fixed monitoring of its funding, supporting the corporate’s administration to concretely implement the technique of specializing in the core enterprise of leisure and valorising non-strategic property”. But additionally on ProsiebenSat , the group headed by the Berlusconi household “expects an enchancment in financial outcomes, money era and debt for the present monetary yr in comparison with 2023”.
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– 2024-05-23 21:05:42
