Cairo Communication
In first nine months 2022:
- Group EBITDA before non-recurring expense amounted to Euro 93.4 million (Euro 109.6 million in 2021), impacted by the increase in paper and other input costs of approximately Euro 28.1 million
- The Group achieved growing consolidated gross revenue of Euro 842 million (Euro 836 million in 2021), EBITDA of Euro 81.5 million (Euro 108.8 million in 2021), impacted by non-recurring expense of Euro 11.9 million (expense of Euro 0.8 million in 2021), EBIT of Euro 25.3 million (Euro 54.5 million in 2021), and net profit of Euro 8.3 million (Euro 28.8 million in 2021, when it had benefited from a gain on an equity investment asset of Euro 7.3 million)
- At 30 September, the net financial position stood at Euro 30.5 million (Euro 37 million at end 2021), after distributing dividends of Euro 36.7 million at the Group level and payment of Euro 20 million for the purchase/transaction of the Via Solferino property
- RCS increased revenue and confirmed strong margins from current operations, and continued to generate positive cash flows. At end September, the net financial position stood at Euro 7.6 million (Euro 16.7 million at end 2021), after distributing dividends of Euro 31 million and incurring the mentioned outlays for the Via Solferino property.
- Corriere della Sera leading Italian daily newspaper on newsstands with a total active digital customer base of approximately 457 thousand subscriptions. The customer base of Gazzetta's pay products increases too, with approximately 138 thousand subscriptions, and for El Mundo and Expansión in Spain, with 98 thousand and 50 thousand subscriptions, respectively
- La7 achieved high audience levels (3.89% in the all-day share and 5.03% prime time in the nine months, up by 10.8% and 3.7% respectively versus the same period of 2021)
- The Cairo Editore magazine publishing segment achieved EBITDA of Euro 3 million, down versus Euro 6.6 million in 2021, due mainly to the increase in paper costs for approximately 6.8 million
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