After the good news on the judicial level, Cir finds itself facing the accounts of a half-yearly report that is anything but positive. In the January-June period, the profits of Carlo Di Benedetti's holding company fell by 55% compared to the same period last year, going from 42,2 to 19,4 million. Revenues, on the other hand, fell from 2,25 to 2,21 billion euros, 1,8% less than in the same period last year. Things went much better on the gross operating margin front, which grew by as much as 16,8% (from 193,8 to 226,3 million). Furthermore, on 30 June, the company's net debt reached 2,18 billion euro, against 2,17 billion at the beginning of the year. At the end of March, shareholders' equity amounted to 2,54 billion euros.
And the money collected by Fininvest? The Board specifies in a note that the 564,2 million received by the Berlusconi holding company as "compensation for the damage caused by judicial corruption in the Lodo Mondadori affair" will not be accounted for at the moment. Since "the dispute has not been concluded, and since the counterparty has announced its intention to appeal to the Supreme Court, the amount, according to the provisions of the international accounting standards, will not have an impact on the income statement of the group until the end of the last degree of judgment".
In Piazza Affari, the Cir stock does not react well to the publication of the last six months. Shortly after 15 pm the stock lost more than 3 percentage points.
