The net loss at the end of 2013 was more than halved to 218,5 million euro compared to -507,1 million in the previous year. These are the numbers of RCS, which in the fourth quarter saw a marked improvement with a loss of 43,2 million against a net loss of 126,7 million in the same period of 2012.
Consolidated revenues fell to 1,3 billion (1,5 billion in 2012), revenues from digital activities amounted to 11% of the group total, advertising revenues fell by 18,8% to 476 million and circulation revenues from '11% to 720,3 million, Ebitda before non-recurring income and expenses is 27,6 million (50,9 million in 2012).
The acceleration of the efficiency plan implemented in 2013 (benefits of 92 million, 10 million higher than the target) and expected in 2014 will make it possible to reach the three-year cost-cutting target envisaged in the 2013-2015 plan one year in advance. Meanwhile, for 2014 the company expects to close again with a negative result, although an improvement compared to 2013.
