Brief: Mondadori Sees High Single-Digit/ Low Double-Digit Increase In FY Adj. EBITDA

Arnoldo Mondadori Editore

29/06/2023 11:40

June 29 (Reuters) - Arnoldo Mondadori Editore SpA
 MOED.MI :
    * EBITDA ADJUSTED SEEN UP IN HIGH SINGLE-DIGIT/ LOW
DOUBLE-DIGIT
FROM SINGLE DIGIT, MARGINALITY UP BETWEEN 16%-17% FROM 15%
    * SEES FY 2023 SINGLE-DIGIT REVENUE GROWTH CONFIRMED
    * NET RESULT GROWTH OF AROUND 20% FY 2023
    * FREE CASH FLOW EXPECTED UP  BETWEEN EUR 65-70 MILLION,
FROM  EUR
60-65 MILLION
    * CLOSES DEAL TO BUY 51% OF STAR SHOP DISTRIBUZIONE
    * STAR SHOP DEAL HAS PUT AND CALL OPTION TO BUY RESIDUAL 49%
STAKE

Further company coverage:  MOED.MI 

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