(Finance) – The 24 ORE Group closes the first nine months of 2022 with an increase in profit and profitability. The net result returned positive for 0.9 million euros compared to a loss of 3.7 million at 30 September 2021.
The Group has registered consolidated revenues of € 149.9 million euros, up by 5.1% (+ € 7.3 million) compared to € 142.6 million in the same period of 2021. In particular, in the first nine months of 2022, advertising revenues grew by 3 million
euros (+ 5.3%), while publishing revenues are down by 2.2 million euros (-2.9%).
EBITDA was positive for 17.1 million euros and an increase compared to 13.3 million in 2021, while EBIT rose to 4.8 million euros from 0.2 million at 30 September 2021).
Net financial position negative for 48.6 million euros, an improvement of 15.3 million compared to the negative 63.8 million euros at 31
December 2021. Shareholders ‘equity amounted to € 17.3 million, an increase of € 3.4 million compared to the shareholders’ equity of the consolidated financial statements at December 31, 2021, which amounted to € 13.9 million.