Rcs Mediagroup closed 2017 with a consolidated net profit of 71,1 million euros in 2017 compared to 3,5 million a year ago. This is what we read in a note from the editorial group.
Against a decrease in consolidated net revenues to 895,8 million, from 968,3 million a year ago (-7,5%), the gross operating margin (ebitda) improved by over 48 million euros reaching 138,2 2017 million euros in 53,7 (+2017%) "thanks to the new initiatives launched in 58 as well as the continuous and incisive efficiency actions which brought benefits of XNUMX million during the year".
At the end of 2017, net financial debt amounted to 287,4 million (366 million at the end of 2016).
For 2018, Rcs expects to achieve growth in the gross operating margin and cash flows from current operations compared to 2017 (approximately 94 million), "such as to make it possible to reduce financial debt at the end of 2018 to below 200 million euros".
In Piazza Affari, the stock gains 1,5%, to 1,228 euros.
