(Finance) – In the first half of the 2024 financial year, Revenues of the group Caltagirone Publisher stood at 52.1 million euros. The difference compared to the corresponding period in 2023 (55.9 million euros) is due to the dynamics of editorial and advertising revenues.
Total revenues from the sale of paper and digital copies of the Group’s publications recorded a decrease of 7.3% compared to the first half of 2023.
THE advertising revenue on paper editions recorded a decrease of 11.2% compared to an increase of 5.2% in digital advertising which today represents 32.8% of the Group’s overall advertising turnover. In the period January – May 2024, the websites of the Caltagirone Editore network recorded 3.93 million average daily unique users.
The Gross operating margin it was negative for 2.6 million euros (positive for 491 thousand euros at 30 June 2023).
The Operating income was negative for 6.3 million euros (negative for 2.7 million euros in the first half of 2023) and includes amortization for 3.2 million euros (3.1 million euros at 30 June 2023), provisions for risks for 248 thousand euros (52 thousand euros at 30 June 2023) and the write-down of receivables for 300 thousand euros (36 thousand euros at 30 June 2023).
The Net income of financial managementpositive for 14.7 million euros (10.8 million euros in the first half of 2023), was positively influenced by dividends received on listed shares.
The Net income was positive for 8.7 million euros (9.2 million euros in the first half of 2023).
There Net financial position is positive for 33.4 million euros, an improvement of 20.7 million euros compared to 31 December 2023 (positive for 12.7 million euros) mainly due to the sale of listed shares and the collection of dividends on listed shares net of investments in bonds and the distribution of dividends.
Forecast for the current year
As for the forecasts for the current year, “the Group continues its initiatives to enhance multimedia versions and improve internet activities aimed at increasing new advertising flows and acquiring new readers. The Group will also continue to implement measures aimed at containing all discretionary costs and structurally reducing direct and operating costs”, the financial note states.