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Mondo TV, double-digit growth in half-year results

Zachary Pearce by Zachary Pearce
September 13, 2021
in Economy
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Mondo TV, double-digit growth in half-year results
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(Teleborsa) – TV world closes the first half as at 30 June 2021 with a net profit of 2.9 million, an increase of 16% compared to the first half of 2020. production value is equal to approximately Euro 17.5 million (+ 36% compared to 12.9 million in the first half of 2020) with an increase in revenues in the European area which go from 22% of the total at 30 June 2020 to 31% of the total at 31 June 2021.

Ebitda is approximately Euro 12 million (+ 45% compared to 8.3 million in the first six months of 2020) whileEbit is equal to approximately Euro 4.2 million (+ 17% compared to 3.6 million in the first six months of 2020).

I revenues in the period they amounted to 15 million euros with an increase of approximately 3.8 million euros in absolute value and approximately 34% in percentage terms compared to 11.2 million euros in the corresponding period of 2020.

The net financial position passes from a net debt of 4.1 million euros to a net debt of 3.6 million euros at 30 June 2021 “largely due to the exposure of Mondo TV France to the Cofiloisirs for ongoing productions, all covered
from television co-production or pre-purchase contracts ”.

Guidance 2021
The consolidated net profit expected at the end of 2021 is approximately Euro 5.9 million (+ 34%) compared to Euro 4.4 million in 2020.

(Foto: © Fred Mantel / 123RF)

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Tags: doubledigitfinancegrowthhalfyearMondoresults
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