(Telestock) – Mondadoria publishing group listed on Euronext STAR Milan, has recorded Net revenues consolidated of the first six months 2024 equal to 387.2 million euros, compared to 362.4 million euros in the same period of 2023 (+6.8%), EBITDA Adjusted to 40.9 million euros, compared to 38.2 million euros in the first half of 2023 (+7%), and Net income Group Adjusted equal to 9 million euros, compared to 8.5 million euros at 30 June 2023.
Solid cash generation confirmed with Ordinary Cash Flow LTM equal to approximately 67 million euros. Net financial position IFRS 16 equal to -293.3 million euros, from -285.5 million euros at 30 June 2023.
“The first half of 2024 closed with a solid economic-financial performance which allows us to confirm our forecast for the 2024 financial year – comment on theAD Antonio Porro – The growth recorded by the Trade and Retail Books business units was higher than that of the Book market, with a consequent increase in market shares in their respective areas. We also continued the development of the core businesses, focused in particular on consolidating the Mondadori Group’s leadership in book publishing, thanks to the finalization of the acquisition of 51% of Star Shop and the completion of the acquisition of 100% of Chelsea Green Publishing, which strengthens our presence in the United States and the United Kingdom”.