Brief: Mondo TV SpA Expects A Group Production Value Of Around 17 Million In 2023

Mondo Tv SpA Icc

17/03/2023 18:58

March 17 (Reuters) - Mondo TV SpA  MTV.MI :
    * EXPECTS A GROUP PRODUCTION VALUE OF AROUND 17 MILLION IN
2023
    * EXPECTS EBITDA OF 7 MILLION WITH A RETURN TO PROFIT OF
AROUND 1
MILLION, TO THEN ARRIVE AT END OF PLAN IN 2027
    * MONDO TV - SEES CAPEX IN FIVE-YEAR PERIOD OF LESS THAN 5
MILLION
EUROS PER YEAR WITH NFP ALREADY DECREASING IN 2023 AND ESTIMATED
POSITIVE AT END OF PLAN
    * SEES FY 2023 NET PROFIT EXCEEDING 3 MILLION EURO
    * CHIEF EXECUTIVE OFFICER HAS ANNOUNCED THAT HE WILL WAIVE
50% OF
HIS COMPENSATION WITHIN PARENT COMPANY FOR 2023
    * COMPANY ALSO CONFIRMS THAT IT HAS ADEQUATE FINANCIAL
RESOURCES
TO SUPPORT DEVELOPMENT OF BUSINESS PLAN IN FUTURE YEARS

Source text for Eikon:  ID:nBIA3Gm4Bb 
Further company coverage:  MTV.MI 

 ((Reuters.Briefs@thomsonreuters.com;))