Brief: Mondadori FY Adj. EBITDA Up To EUR 152.1 Mln

Arnoldo Mondadori Editore

14/03/2024 13:01

March 14 (Reuters) - Arnoldo Mondadori Editore SpA  MOED.MI :
    * FY REVENUE EUR 904.7 MILLION VERSUS EUR 903.0 MILLION YEAR AGO
    * PROPOSES DIVIDEND OF EUR  0.12 PER SHARE
    * FY ADJUSTED. EBITDA EUR 152.1 MILLION VERSUS EUR 136.3 MILLION YEAR AGO
    * EXPECTS IN 2026 CONSOLIDATED REVENUES ON LIKE-FOR-LIKE BASIS OF AROUND EUR
1
BILLION, PROPORTIONALLY GROWING MARGIN WITH CONSEQUENT CONFIRMATION OF
PROFITABILITY AT AROUND 17%
    * SEES IN 2024  LOW SINGLE-DIGIT REVENUE GROWTH;
    * SEES SIGNIFICANT CASH GENERATION CAPACITY IN THREE-YEAR PERIOD 2024-2026,
WITH
EXPECTED ANNUAL ORDINARY CASH FLOW OF NO LESS THAN EUR 70 MILLION
    * SEES IN 2024 MID SINGLE-DIGIT GROWTH IN ADJUSTED EBITDA WITH MARGINS
STABLE AT
AROUND 17%
    * SEES INCREASING SHAREHOLDER REMUNERATION IN EACH EACH YEAR OF THE
THREE-YEAR-PERIOD, PROVIDING DISTRIBUTION OF 50% OF ORDINARY CASH FLOW PER SHARE
(40% PREVIOUSLY) OR DIVIDEND PER SHARE OF PREVIOUS YEAR INCREASED BY 10%,
WHICHEVER IS GREATER


Further company coverage:  MOED.MI 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587720920;))