Mondadori confirms 2024 guidance despite 12% drop in 9-month net profit

Arnoldo Mondadori Editore

13/11/2024 13:17

Nov 13 (Reuters) - Italian publisher Mondadori  MOED.MI 
on Wednesday confirmed its 2024 guidance after it reported a 12%
drop in net profit in the first nine months of the year.
    Group's net profit decreased about 7 million year-on-year to
66.3 million euros ($70.46 million) impacted by a non recurring
element accounting for around 5 million euros.
    The company confirmed its guidance for 2024, which includes
a low single-digit revenue growth and a mid-single digit
adjusted core profit growth, with margin stable at around 17%.
    
($1 = 0.9409 euros)

 (Reporting by Alberto Chiumento
Editing by Tomasz Janowski)
 ((Philippe.LeroyBeaulieu@thomsonreuters.com;))