Mondadori ups guidance on FY core profit margin after solid H1, lower costs

Arnoldo Mondadori Editore

01/08/2023 12:53

Aug 1 (Reuters) - Italian publisher Mondadori  MOED.MI 
on Tuesday raised its full-year profitability guidance citing
positive first-half figures and a favourable trend in industrial
costs.
    Mondadori said in a statement it forecast a high
single-digit or low double-digit increase in its adjusted core
profit this year, with margins expected at between 16%-17%.
    That compared with a previous guidance of a single-digit
growth and a margin of between 14%-15%.

    
    

 (Reporting by Luca Fratangelo, editing Federico Maccioni)
 ((luca.fratangelo@thomsonreuters.com; +48587696613;))