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RCS, financial position worsens: title down on the Stock Exchange

The preliminary data was disclosed at the request of Consob and will be ratified on the occasion of the publication of the quarterly accounts in the next Board meeting on May 14th.

The RCS group expects to close the first quarter of the year with a negative net financial position of 521 million euros. A preliminary data released at the request of Consob, the company explains, which will be submitted for approval by the Board of Directors on May 14th in the interim management report for the first quarter. A figure that compares with the net financial position at the end of 2013 which, thanks to the capital increase and the sale of Dada, was reduced to -476 million compared to -845,7 million the previous year.

In mid-morning, after the publication of the data, Rcs Mediagroup shares began to fall, losing 0,4% just before 11, to 1,622 euro. 

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