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Borsa, Mediaset flies in the wake of the results of the Spanish subsidiary

The wave of purchases on Alfa Romeo shares was triggered by the half-yearly data from Mediaset Espana, which achieved revenues of 468 million euros (+9,6% on an annual basis) and an adjusted Ebitda up by 58,6% , to 88,1 million.

Borsa, Mediaset flies in the wake of the results of the Spanish subsidiary

The Mediaset stock flies to Piazza Affari, gaining 6,8% at the end of the morning, to 3,284 euros, achieving the best rise of the Ftse Mib.

The half-year data from Mediaset Espana (which in the same minutes is up 5,7% on the Madrid Stock Exchange) triggered the wave of purchases on Alfa Romeo shares.

The Spanish subsidiary of the group achieved revenues of 468 million euros (+9,6% on an annual basis) and an adjusted Ebitda up by 58,6%, to 88,1 million. 

Adjusted profit, on the other hand, decreased to 29 million, from 37,7 recorded in the same period last year. A decline mainly linked to the devaluation of Digital+. 

At the end of June the net financial position was positive for 152,7 million, an improvement compared to 75,8 million as at 30/06/2013.

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