In Piazza Affari it shines Rcs. At the end of a positive morning for the Italian market – with the Ftse Mib attempting to rebound by recovering one percentage point after last week's declines – the shares of the publishing group come to light with a jump of more than seven percentage points, 1,799 euros. At a technical level, analysts expect a further upward impulse of the curve towards new tops estimated in the 1,817 area.
The new wave of purchases can be explained by the promotion to "buy" by Equita, still linked to news arrived last week by the group's Board of Directors, which confirmed the five-year objectives. According to the company, the acceleration of the efficiency plan implemented in 2013 and expected in 2014 will make it possible to achieve the three-year cost cutting target envisaged in the 2013-2015 plan one year in advance.
“Further areas of intervention have been identified which allow for the launch of a new series of efficiencies for 50-70 million euros, the effects of which will become apparent starting from 2015 – wrote the company -. Compared to the 145 million euros initially envisaged, overall benefits from efficiencies of up to 220 million are therefore expected over the three-year period".
As for the main balance sheet items, Rcs closed 2013 with losses of 218,5 million euros (halved compared to the negative result of 507,1 million in 2012) and consolidated revenues of 1.314,8 million, down compared to 1.513 million in 2012.
