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The Espresso Group: The Board of Directors approves the consolidated results of the first quarter 2008
17.04.08 - 15:51 ... source : Gruppo Espresso
... . SUMMARY 2008 First Quarter Consolidated Financial Statements The Board of Directors of Gruppo Editoriale L'Espresso S.p.A. met today in Rome at 10.30 a.m. under the chairmanship of Carlo De Benedetti and approved the consolidated first quarter 2008 financial statements. The most significant consolidated data, compared with the previous year, are summarized here below: (€mn) consolidated data 1st Quarter2007 1st Quarter2008 D % Revenues 272.5 262.3 -3.7% Of which: • Circulation 110.4 105.8 -4.2% • Advertising 153.9 149.3 -3% Gross Operating Profit42.5 35.6 -16.2% Operating Profit 32.4 25.4 -21.6% Financial Income/(Expense) (4.7) (4.4) -7.5% Net Profit 13.5 15.5 -22.4% 31/12/2007 31/12/2008 Net Financial Position (264.9) (234.7) Employees 3,414 3,456 PRESS RELEASE 1st Quarter 2008 Consolidated results A decline of the advertising revenues in the month of ...» Next (HTML)
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