The RCS group closed 2011 with a consolidated net loss of 322 million, against the net profit of 7,2 million in 2010. The figure, informs a press release, was weighed down by write-downs of fixed assets for 349,2 million (against 340,5 million in 2010). Also confirmed the figure already communicated at the level of the preliminary balance on consolidated net revenues, which fell to 2,075 billion, compared to 2,255 billion in the previous year (-2,7% on a like-for-like basis).
Net financial debt decreased by 32,6 million compared to the end of 2010, amounting to 938,2 million. The board of directors has convened the assembly for next May 2nd.
For 2012, the publishing group expects "decrease in revenues", while he believes that the net result, in the absence of currently unforeseeable events, "may result in an improvement compared to 2011, the latter significantly influenced by the write-down of intangible assets".
The RCS board also announced that it had examined and evaluated the non-binding expressions of interest collected by the advisor in relation to the divestment of the French publishing group Flammarion and "decided, by majority vote, to continue with the disposal process, admitting some potential buyers to the 'data room', in order to collect binding offers to be submitted to the board and entrusting the advisor with a further task of providing financial advice to support the group in the process".
