The 24 Ore group closes 2023 with a net result of 7.7 million, an improvement of 7.2 million euros compared to 0.5 million in 2022. It records consolidated revenues of 215.1 million compared to 211.6 million in 2022 (+ 1.7%) with "advertising revenues slightly improving to 90.9 million (+0.1%), publishing revenues decreasing by 1.6 million (-1.6%) and other revenues growing by 5.0 million euros (+22.6%).
The gross operating margin is positive for 30.9 million (32 million in 2022, -3.4% due to "lower operating income of 2.1 million with overall costs increasing by 2.5 million "The operating result (ebit) is positive for 14.4 million, an improvement compared to 11.5 million euros in 2022.
Net equity is strengthened, which goes from 15.9 million to 23.6 million, the improvement in the net financial position continues which goes from -43.8 million at the end of 2022 to -22.2 million at the end of 2023. The Pfn before 'Ifrs 16' was positive for 17.5 million euros: it was negative for 4.4 million at the end of 2022.
"The results very positive results of the 2023 financial statements - comments CEO Mirja Cartia d'Asero - consolidate the group's return to profitability and show a significant improvement in the net financial position, which before IFRS 16 returns positive after 6 years.
The transformation into a multimedia publishing group continues, a path that we have reflected in the industrial plan, continuing to pursue an objective of constant and sustainable growth, despite a still uncertain and unstable geopolitical and macroeconomic context and a shrinking publishing market."
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