Mondadori Forecasts Revenue and Earnings Growth by 2025
(Reuters) - Italian publisher Mondadori on Wednesday forecast low single-digit percentage growth in its adjusted core profit and revenue in 2025, translating into a stable margin of around 17%.
The group, owned by the Berlusconi family's holding company Fininvest, reported a 3.6% rise in its 2024 adjusted core profit, or earnings before interest, tax, depreciation and amortisation, to 157.6 million euros ($171.7 million).
It proposed an annual cash dividend of 14 euro cents per share, up 17% from last year's distribution.
"Our strong economic performance and solid cash generation position us to expect continued growth in the upcoming financial year, ensuring the creation of long-term value for our stakeholders," CEO Antonio Porro said in a statement.
($1 = 0.9179 euros)
(Reporting by Philippe Leroy Beaulieu in Gdansk; Editing by Milla Nissi)
