Tuesday , March 2 2021

RCS, all growing indexes. Debt falls and security rises

city ​​of Cairo

Although the sector is in crisis and advertising sales in print media are constantly falling, the Rcs Mediagroup group further reduce revenue and margins. And break the debt. Although the new accounting principles of IFRS 15 are particularly important for this recovery, the result is: at 16.40 pm Rcs name saliva 3.6% and 1.03 euros.

Thus, Kruunu's publisher of the publishing house of Rizzoli, which ruled and ruled Kruunu, closed the nine-month competence with turnover, which increased from 657.7 to 713.3 million, even if it is uniform when we read "except for comparisons for the first nine months of 2017 with new IFRS" Of the 15 introductions (+ EUR 57.3 million due to non-recurring revenues +75.9 million in advertising revenue -8.1 million and other net sales of EUR -10.5 million) would show significant stability in revenue compared to the same 2017 period.

For financial margins, EBITDA grew from 84.4% to 101.8 million and operating profit from 47.1% to 77.3 million, with net profit rising from 19.8 to 52.0 million. Net financial debt continued to decline to 215.9 million at the negative end of 2017 (-287.4 million). That is why Rcs reiterates today's memo that it would consider "the growth of ebitda throughout the financial year and the cash flow of existing operations compared to last year, in order to reduce the financial debt to less than 200 million".

This strong mutual intervention, also linked to the revision of a banking agreement with banks, was defined on 10 October (the 12-month loan is extended and the final due date has been transferred from 31 December 2022 to 31 December 2023 and a reduction of the interest rate applied to both credits on 10 October 2018) to the owner of the company, inter alia Corriere della Sera and The Gazzetta dello Sport, In addition to Spanish newspapers El Mundo and Brand, return to distribute dividends to the shareholders when the financial statements for 2018 are approved.

It should also be noted that RCS's former CEO , or Peter Scott Jovane, previously in Microsoft Italy and, subsequently, ePrice and Telecom, rumors of the market would be the status of the Italiaonline ad , a group that refers to Naguib Sawir. Jovane would take Antonio Converti.

Finally, the former director of the current Riccroson Taranton Rizzoli publishing house has been appointed the head of the Bocconi University of Milan. The Board of Directors of the University, Mario Moni, subsequently approved the appointment of Luigi Guatri as honorary chairman and vice-chairman Andrea Sironi. Taranto is managed by Bruno Pavesi, President of Bocconi since 2008.

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