Il Fatto reduces the loss in the first half of the year

Il Fatto reduces the loss in the first half of

(Finance) – Il Fatto Publishing Company (SEIF), media content provider and publisher listed on Euronext Growth Milan, closed the first half of 2023 with revenues to 14.5 million euros (increasing compared to 14 million euros at 30 June 2022), EBITDA increasing to 1.2 million euros (compared to 566 thousand euros at 30 June 2022) with EBITDA Margin at 6.74% (vs 3.25%) and loss of 1.1 million euros (compared to the loss of 1.9 million euros at 30 June 2022).

“Our company’s first consolidated semi-annual financial report clearly shows that the industrial plan presented to the market in November 2022 has started to produce its positive effects – commented Cinzia Monteverdi, President and CEO – The main economic indicators, in fact, show an improvement both in terms of revenues and profitability. For this reason, we are very happy, thanks to the work of the people who make up our group, to have managed to give a positive direction to the management of the company and the group in just a few months. These elements bode well for the following months when the further actions envisaged in the plan will be implemented.”

L’Net Financial Debt is equal to 2 million euros.

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