Mondadori, consolidated net income down 7.4%

The closure of the budget for the first nine months of Mondadori a decrease of 'consolidated net profit of 7.4%, corresponding to 70.1 million euros. The group of 'Italian publisher says the data and asserts that it caused à ¨ "pià ¹ a high incidence of taxation, in large part due to the results of the companies dealt with equity." In fact, before taxes, compared with a consolidated turnover of 1.4417 billion, EBITDA was 187.1 million (+15.8%), the consolidated operating profit margin of +13.4% corresponds to 154.5 million and profit was 130.3 million (+0.2%). The publishing house of Segrate also provide data on the budget of the third quarter states that the cash flow à ¨ state of 102.7 million while in 2006, during the same period was 101 million. Additional information relates to the position financial net at the end of 2006 was negative for 554.7 million after investments net for about 48 million, the payment of the dividend tax to 84.7 million and 68 million to further declined by 622 ¨ 3 million euros. In summary we calculated the consolidation à ¨ s' operation Mondadori France (formerly EPAM), without which the volume of work appears to be a slight progress (+0.8%) and at the end of June stood at -1.1%. In explaining the economic performance, the company's publishing Segrate states that "have confirmed trends that have characterized the early months of 'years' and cioa ¨ in Italy fell by -5.8% and the distribution of periodicals contraction, -17.7%, while the collateral investments in advertising are slight recovery with 2.8% and the book market appears to be stable. Mondadori a notice commment that "signs of weakness highlighted by the markets of reference of the group Mondadori not seem intended to reversals in the coming months" and compared to the market, Mondadori said he had "demonstrated a good capacity for reaction with superior performance to the market "because" the development of turnover achieved through ativ French, acquired footprint More than one year ago, accompanied by the required levels of profitability and sales of other business Dettori, allow also postulated for year-end a significant increase in operating income. "

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