(Telestock) – FNM closed the first half of the year with revenues of 305.6 million Euros, up 1.3% compared to the same period in 2023, while Adjusted EBITDA is equal to 106 million of Euro (+6.0%). The Group’s results in the first half of 2024, which take into account the full consolidation of Viridis from 23 February 2024, therefore excluding the effects of consolidation, revenues at constant perimeter suffered a reduction of 1.3%, against a slightly increased adjusted EBITDA (+0.5%).
The FNM Group’s adjusted consolidated net profit as of June 30, 2024, before the results of companies valued at equity, is equal to 25.9 million euros, down from the 33.8 million euros recorded in the first six months of 2023. The overall consolidated net profit, after the result of the companies valued at equity and the share attributable to third parties, it is equal to 31.3 million Eurosdown compared to the 33.4 million euros recorded in the first half of 2023.
Adjusted Net Financial Position equal to 875.6 million Euro (642.8 million Euro as of 31 December 2023).
2024 guidance confirmed – revenues up 1-5% vs. 2023 (substantially in line with the same perimeter), adjusted EBITDA up 5-10% vs. 2023 (substantially in line with the same perimeter) and adjusted EBITDA/Revenues ratio slightly up vs. 2023 – with a slight downward revision of the Adjusted PFN (between 850 and 900 million Euros), which takes into account the effects of the acquisition of Viridis, and a slight downward revision of investments (currently estimated at 140-180 million Euros).