MILAN (ITALPRESS) – The Mondadori Group ended 2024 with consolidated revenues that stood at 934.7 million, up 3.3 percent from 904.7 million in 2023. Adjusted EBITDA of 157.6 million showed an increase of 3.6 percent compared to 152.1 million in 2023, thanks mainly to the Trade Books, Retail and Media areas.
Overall, profitability stood at 16.9 percent, stable compared to FY2023. Group EBITDA was 155 million, an improvement of about 6.1 million compared to 148.9 million as of Dec. 31, 2023. The Mondadori Group’s EBIT, positive at 92 million, showed significant growth (+9.3%), amounting to 7.9 million, compared to 2023, a year that had been negatively affected by the recognition of write-downs totaling 7.3 million.
“Mondadori in 2024 achieved all of its goals. It was a two-speed year, and being able to hit the targets was not a given. But we are particularly proud to be able to confirm the achievement. The Italian market responded better than our expectations.” So said Antonio Porro, chief executive officer of Mondadori, during the presentation of financial results.
“Our relations with Feltrinelli are very good,” while with regard to Adelphi, “we monitor the progress of the publishing house, which is very close to our heart. We have good relations with the shareholders but there is no significant news,” Porro continued further.
“During the course of the year, there will be the opening of nine more stores,” anticipated Mondadori’s CEO, who then announced how in Milan “in
May, in Galleria Vittorio Emanuele II there will be the opening of the new Rizzoli bookstore, which has been completely renovated.”
In 2027, the dividend distributed by Mondadori, on fiscal year 2026, is expected to reach 16.9 cents per share. “This year we distributed 36.5 million,” with 14 cents per share. “Next year it will be 40.1 million, and then we will reach the 44.2 million share” in 2027, explained Antonio Porro, Mondadori’s chief executive officer, during the presentation of the 2024 financial results. “Even we did not think we would achieve such a performance.”
– Photo xm4/Italpress –
(ITALPRESS)
