Month: December 2017

Disclosure on the purchase of treasury shares from 18 to 22 December 2017

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 18 to 22 December 2017, of no. 36,000 ordinary shares (equal to 0.014% of the share capital) at an average unit price of Euro 2.1984 for a total amount of Euro 79,143.20.

These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 27 April 2017 (previously disclosed pursuant also to art. 144 bis of Consob Regulation 11971/99 and to art. 132 of Legislative Decree 58/98).

The following table details the purchases made per day in the above period of Arnoldo Mondadori Editore S.p.A. ordinary shares, ISIN IT0001469383:

Date Quantity Average price (€) Amount (€)
18/12/2017 7,000 2.1869 15,308.30
19/12/2017 8,000 2.1943 17,554.40
20/12/2017 7,000 2.2293 15,605.10
21/12/2017 7,000 2.1859 15,301.30
22/12/2017 7,000 2.1963 15,374.10

The purchases were made through the authorized intermediary Equita Sim S.p.A. (LEI Code 815600E3E9BFBC8FAA85).
Following the purchases made so far, Arnoldo Mondadori Editore S.p.A. holds no. 920,000 treasury shares, equal to 0.352% of the share capital.
Purchases in detail in the complete pdf file.

Better financial conditions offered in terms of lower average annual cost and new duration

The Mondadori Group announces that it has concluded today a new five-year loan agreement for a total of 450 million euro (expiring on 31 December 2022).
The new agreement, concluded with a pool of three banks (Banca Popolare di Milano S.p.A., Intesa Sanpaolo S.p.A. and UniCredit S.p.A.), replaces the current lines of credit (2015-2020) and offers better financial conditions than those under the agreement concluded on 18 December 2015, in terms of lower interest rates and ancillary charges.

The initial spread of the new credit lines – added to the Euribor reference rate with zero floor – is 120 bps, approximately 130 bps lower than the current 250 bps. The rate may vary, on an annual basis, depending on consolidated debt/EBITDA movements, from a low of 95 bps to a high of 200 bps.
At 30 September 2017, the Mondadori Group’s net financial position stood at -256 million euro; the Group expects to close 2017 with a debt/adjusted EBITDA ratio below 2.0x.

The consolidated debt/EBITDA covenant is the same as today’s, equal to 3.5x in 2018 and 3.25x thereafter, while the net debt covenant cannot exceed the maximum of 450 million euro at 30 June 2018, of 435 million euro at 30 June 2019, of 412.5 million euro at 30 June 2020, of 385 million euro at 30 June 2021, and of 350 million euro at 30 June 2022.

Regarding the new loan, Banca Popolare di Milano S.p.A., Banca IMI S.p.A. and UniCredit S.p.A. act as Arrangers, Mandated Lead Arrangers and Bookrunners, Banca Popolare di Milano S.p.A., Intesa Sanpaolo S.p.A. and UniCredit S.p.A. as Lenders, and UniCredit Bank AG, Milan Branch, as Agent.
Concurrent to the granting of the new loan, the Mondadori Group will fully pay, by end 2017, the debt totaling 276.2 million euro arising from the agreement concluded in December 2015.

GialloZafferano: a completely new app

GialloZafferano, the Mondadori Group brand  and Italy’s leading cooking website, has launched a new version of its app, which has already  been downloaded more than 6 million times (Source: iTunes and Google Play) and has a daily average of 110,000 active users (Source: Google Analytics).

An improvement of the multi-channel di GialloZafferano offer which, this year, has pursued an extensive brand extension strategy with the launch in April of the monthly magazine and the publication in November of a book of recipes by the foodbloggers of the community.

With a graphic redesign, and a more useful and user-friendly interface, the new app has been expanded to include a range of functions to help users, from deciding what to prepare to shopping for provisions, as well as the different phases of preparation.

New features include:

– Favourite recipes: whether it’s Sunday lunch, a dinner with friends or a menu for a special occasion, it is possible to choose the name and the composition of your own recipe collection;
– Shopping lists: make sure you don’t forget any of the ingredients you need and what recipes they are for. Practical and shareable with whoever you want;
– Photo-commentary of recipes: to participate in the GialloZafferano community with feedback on recipes and talking about dishes you’ve prepared with photos of your efforts;
– Giallo Zafferano always by your side: thanks to a new registration process, also using Facebook, all of the GialloZafferano services are synchronised and can be used on both the app and on the website. Access using a smartphone of PC, you can easily find your recipes;
– Recipe of the day: with a push notification on your smartphone, you can also receive the recipe of the day, selected by the editorial team, who choose and organise the best dishes to help users discover new ideas for lunches, dinners and parties.
Each recipe is accompanied by lots of useful information – from preparation difficulty to the time required for preparation and cooking and the number of courses – with dishes organised by course and category.

With this new version of the app, GialloZafferano will be an even more effective tool for the brand’s community which, according to the recent survey “Food media brands”, conducted by Human Highway, is considered the “Top Of Mind” brand, for 21% of Italians online, and is seen as being “irreplaceable in the kitchen” and the site most used for cooking by 39% of users.

Disclosure on the purchase of treasury shares from 11 to 15 December 2017

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 11 to 15 December 2017, of no. 20,000 ordinary shares (equal to 0.008% of the share capital) at an average unit price of Euro 2.2902 for a total amount of Euro 45,803.60.
These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 27 April 2017 (previously disclosed pursuant also to art. 144 bis of Consob Regulation 11971/99 and to art. 132 of Legislative Decree 58/98).
The following table details the purchases made per day in the above period of Arnoldo Mondadori Editore S.p.A. ordinary shares, ISIN IT0001469383:

Data Quantità Prezzo medio (€) Controvalore (€)
11/12/2017 4,000 2.3246 9,298.40
12/12/2017 4,000 2.3740 9,496.00
13/12/2017 4,000 2.3072 9,228.80
14/12/2017 4,000 2.2448 8,979.20
15/12/2017 4,000 2.2003 8,801.20

The purchases were made through the authorized intermediary Equita Sim S.p.A. (LEI Code 815600E3E9BFBC8FAA85).
Following the purchases made so far, Arnoldo Mondadori Editore S.p.A. holds no. 884,000 treasury shares, equal to 0.34% of the share capital.
Purchases in detail in the complete pdf file.

 

A year of success for CasaFacile

A new site, more castings to join the CF Style team, special initiatives and events for the magazine’s 20th anniversary

CasaFacile confirms its position as strategic brand and records +23% in revenues vs. 2016

A year full of special initiatives, news and events. 2017, for CasaFacile 2017 marked its 20th year, and it is preparing to welcome 2018 with much that is new.

Never more than this year has the Mondadori Group’s interiors monthly, dedicated to those who love their home and want to experience it every day with style and originality, met the challenge of accompanying readers on a discovery of a world that is simple, accessible and aspirational, all at the same time, while also making the dream of an ideal home both real and possible.

An exciting and trendy soul, with a touch of anti-conformity, has made the magazine, edited by Giusi Silighini, a winning product, made up of creative ideas and original suggestions that have always ranged from decoration to DIY, with a growing attention to style, design and innovative furnishing solutions.

“I asked my team to focus on the approach to features, above all when the subject might seem banal or unexciting,” the editor Giusi Silighini explained. “The ‘standard’ guide to choosing a matrass now starts from the highly personal style of sleep of each of us, before looking at the opinions of experts, the ‘classic’ layout of a child’s bedroom becomes an opportunity to apply the pedagogical principles of Maria Montessori. In this way, every page is ‘animated’ and the information becomes more layered in order to enrich all kinds of content, a bit like with HTML 4.0!”.

Among the many surprises that have marked the year . from the dream house to the CasaFacile Design Lab, as well as  workshops, supplements and the “Facciamo Casa” box set, produced with Mondadori Store – CasaFacile now brings to newsstands a special issue on the magic atmosphere of Christmas, with a scintillating cover and three whole homes, specially decorated and photographed by the magazine0s team.

The new Casafacile.it and the CF Style community

Also the CasaFacilecasa-sul-web” (home-on-the-web) is completely new: even more beautiful, with more images and videos and easier to use. The changes include: broader content, tutorials, DIY, shopping suggestions among crafts and  design, as well as the new panoramic format and the homepage slider with high-impact photos that make it easier to catch the mood and style details. On casafacile.it there are also 20 videos dedicated to design icons, selected and presented by the journalist and TV presenter Giorgio Tartaro and the directories for CF style architects and Interior designers (all selected by the editorial team) ready to reply to readers queries ranging from to the simple restyling of a room. The redesign of the site has contributed to a growth in the traffic of casa facile.it, which is currently stable at around 300,000 unique visitors/month (Source: Audiweb View – Total Audience Digital– Average in the last 3 months).

CasaFacile is now much more than a magazine: in 7 years of active presence on social media it has created a team of 24 creative bloggers that share the style and actively participate in the title’s initiatives, but, above all, cultivate a dynamic and enthusiastic community of some 287,000 fans on Facebook and 103,000 followers on Instagram.

But the CasaFacile team will get even better: in January 2018 we will run a new casting to enlarge the team of bloggers and identify new ambassadors of the CF style. Details about how to take part and apply will appear soon on both the site and in the magazine.

The figures of an advertising success

The new editorial approach of CasaFacile has also been rewarded by the advertising clients. In fact, 2017 has confirmed the importance of CasaFacile as a strategic advertising vehicle. The brand continues to grow, both in terms of the number of clients (more than 160 this year, also form outside the sector), and in terms of advertising revenues. Indeed, the positive trend has led to an increase for the CasaFacile system of +23% in revenues, compared with 2016, a result achieved though both display advertising and  thanks to the numerous special projects and events organised exclusively for partner clients.

Disclosure on the purchase of treasury shares from 4 to 8 December 2017

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 4 to 8 December 2017, of no. 21,000 ordinary shares (equal to 0.008% of the share capital) at an average unit price of Euro 2.2617 for a total amount of Euro 47,495.80.
These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 27 April 2017 (previously disclosed pursuant also to art. 144 bis of Consob Regulation 11971/99 and to art. 132 of Legislative Decree 58/98).
The following table details the purchases made per day in the above period of Arnoldo Mondadori Editore S.p.A. ordinary shares, ISIN IT0001469383:

Data Quantità Prezzo medio (€) Controvalore (€)
04/12/2017 4,000 2.2050 8,820.00
05/12/2017 4,000 2.2494 8,997.60
06/12/2017 5,000 2.2738 11,369.00
07/12/2017 4,000 2.2843 9,137.20
08/12/2017 4,000 2.2930 9,172.00

The purchases were made through the authorized intermediary Equita Sim S.p.A. (LEI Code 815600E3E9BFBC8FAA85).
Following the purchases made so far, Arnoldo Mondadori Editore S.p.A. holds no. 864,000 treasury shares, equal to 0.33% of the share capital.
Purchases in detail in the complete pdf file.

GialloZafferano is the “Top of Mind” brand for the Italian online audience

  • The only digital native brand among the best known in Italy
  • For 39% of internet users it is the most useful and unmissable in the kitchen

The first edition of the “Food media brands” survey, by Human Highway, is now available. The research examines two segments of the population – online e offline – a total of 2,200 adults, representative of 52.4 million Italians.

The survey provide a panorama of the sector’s most popular elements, ranging from the TV programmes and personalities to the editorial brands that Italians feel most attached to.
Among the standout results is the positioning of GialloZafferano: Italy’s most popular cooking website with 6 million unique users, and which is also available on newsstands as a monthly magazine and in bookshops with a book of recipes by foodbloggers. All of which make it the only top ranking digital native brand in the Human Highway survey.

The awareness of GialloZafferano emerges particularly strongly among the online audience: for 21% of the segment it is the first cooking brand that comes spontaneously to mind, giving it the “Top of Mind” title in the listing.
GialloZafferano is also one of the most well-known brands in both segments of the survey’s sample: spontaneously mentioned by 19% of the respondents (representing 10 million Italians), coming immediately after two much-loved TV programmes, La Prova del Cuoco and Masterchef.

According to the Human Highway survey, within the online segment, GialloZafferano is identified as the brand most used by Italians for cooking, thanks to the possibility of serving users in different ways across the whole day: it has become a “never again without”, unmissable in the kitchen brand for 39% of Italian Internet users (corresponding to 12 million people).

The analysis highlights how digital brands, and firstly GialloZafferano, are closely identified by their usefulness and are considered a valuable source of recipes, while the perception of the TV shows is mainly related to their entertainment value: with 71% of the respondents declaring that they have seen or consulted GialloZafferano in the last year, qualifying it as the brand the most effectively converts knowledge into utility.
GialloZafferano is the point of reference for internet users also in terms of  its influence on buying behaviour: with twice as many respondents declaring that they follow the advice indicated in the featured recipes, compared with those on the TV programmes.
In this context, based on the indications regarding the spontaneous awareness of all of the Mondadori Group’s food brands in the survey – GialloZafferano along with Cookaround, Sale&Pepe and Cucina Moderna – reach a total of 23.4% of the population.

Disclosure on the purchase of treasury shares from 27 November to 1 December 2017

Arnoldo Mondadori Editore S.p.A. (LEI Code 815600049A1F9AFE6666) announces the purchase on the MTA (Electronic Stock Market), in the period from 27 November to 1 December 2017, of no. 20,000 ordinary shares (equal to 0.008% of the share capital) at an average unit price of Euro 2.2759 for a total amount of Euro 45,518.64.
These transactions were made under the authorization to purchase treasury shares approved by the Shareholders’ Meeting on 27 April 2017 (previously disclosed pursuant also to art. 144 bis of Consob Regulation 11971/99 and to art. 132 of Legislative Decree 58/98).
The following table details the purchases made per day in the above period of Arnoldo Mondadori Editore S.p.A. ordinary shares, ISIN IT0001469383:

Data Quantità Prezzo medio (€) Controvalore (€)
27/11/2017 4,000 2.2801 9,120.40
28/11/2017 4,000 2.2759 9,103.60
29/11/2017 4,000 2.2925 9,170.00
30/11/2017 3,898 2.2845 8,904.98
01/12/2017 4,102 2.2476 9,219.66

The purchases were made through the authorized intermediary Equita Sim S.p.A. (LEI Code 815600E3E9BFBC8FAA85).
Following the purchases made so far, Arnoldo Mondadori Editore S.p.A. holds no. 843,000 treasury shares, equal to 0.322% of the share capital.
Purchases in detail in the complete pdf file.

Interni “Icon Makers”

After international previews in Miami and Shanghai, the INTERNI's collector's volume will be on newsstands

In December, the INTERNI system recorded +50% in advertising revenues compared with 2016

What is it that makes so many of the protagonists of Italian design authentic Icon Makers? It’s difficult to say. The recipe is based on a happy mix, the binding substance of which is the country’s long manufacturing history and a vital productive texture that is driven by a wide range of professional figures. and it is precisely to 100 protagonists from ‘behind the scenes’ of design – chosen among entrepreneurs, photographers, graphic designers and communicators, along with their iconic creations – that Icon Makers, a special issue in the INTERNI Serie Oro is dedicated, a continuation of the overview of Italian design begun in 2014 with the celebratory volume marking the magazine’s 60th anniversary.

The introductory notes are by well-know international critics, such as Domitilla Dardi, Deyan Sudjic and Leonardo Sonnoli, who discuss the roots and peculiar characteristics of contemporary design. Meanwhile, the contribution of Cristina Morozzi and Christoph Radl focuses on the work of photographers and art directors, with the view to assessing the evolution of the role and skills of involved.

Following previews at the Salone del Mobile.Milano Shanghai, Icon Makers will also be presented in Miami at a special location: the Miami Ironside, the lively urban centre created by Ofer Mizrahi. On this occasion there will be a conversation between Gilda Bojardi, editor of INTERNI, Ofer Mizrahi (Miami Ironside Founder), Giulio Cappellini (Art Director at Cappellini and talent scout), Piero Lissoni (Lissoni Associati), Rene Gonzalez (Rene Gonzalez Architects), Carola Hinojosa (Hinojosa Design Studio) and Nasir Kassamali (CEO of Luminaire).

The book, for which an extra print run of 10,000 copies (in Italian and English) has been planned, will also be distributed at the leading  design showrooms in Miami and Milan.

Icon Makers has been supported by 56 of the best and most representative design brands, contributing to the excellent results of the INTERNI system which, in December alone, saw an increase in advertising revenues of over 50% compared with 2016.

With 216 pages, Icon Makers will be available from 5 December at all good newsstands as a supplement to the new issue of the magazine for just 10 (including the magazine).

The Mondadori Group launches Rizzoli Electa and expands its illustrated publications business internationally

Mondadori Electa is set to launch its new Rizzoli Electa brand in the USA and worldwide in January 2018. The brand will specialise in the publication of art catalogues in English and the organisation of international exhibitions.

Following the buyout of Rizzoli Libri by Mondadori Group, headed by CEO Ernesto Mauri, in April 2016, Rizzoli’s international illustrated department is now to be integrated with Mondadori Electa, headed by CEO Antonio Porro.

With this new line up the Mondadori Group is ready to expand its illustrated books market internationally. The new organisation sees Mondadori Electa align with Rizzoli Illustrati Italia and well-known Rizzoli International Publications, including the Rizzoli New York brand, an off-shoot of Rizzoli’s iconic New York bookstore.

Stefano Peccatori is to head production for Mondadori Electa and Rizzoli publications aimed at the Italian and international markets, while Marco Ausenda will be in charge of publications for Rizzoli International and coordinating the Group’s expansion in the illustrated section towards emerging markets.

Rosanna Cappelli will continue to head the department dedicated to organising events and exhibitions, producing catalogues and museum services’ management in Italy, with the department also scheduled to spearhead new initiatives for developing exhibitions and catalogues for the international market.