(Finance) – Leone Film Groupa company listed on Euronext Growth Milan and active in the production and distribution of audiovisual products, closed the first half of 2023 with revenues equal to 27.9 million euros (+11% on the first half of 2022), EBITDA equal to 19.7 million euros (+43%) and a Net income equal to 45 thousand euros (-97%). This decrease, explains the company, was caused by the sharp increase in the cost of debt and the substantial elimination of capital gains from exchange rate hedges.
“We are closing a semester that still remains inevitably suffers from lower box office results than the pre-Covid period – commented the president Andrea Leone – The contents of both the current licenses and our library have been highly requested by the various platforms, confirming the quality of our products. As far as the production unit is concerned, filming of the films “Another Ferragosto” and “Il Migliore dei Mondi” and the “Uonderboys” series were finalized and production of the series “A casa tutti bene 2” was completed.