Income statement
| (€/M) | 2020 | 2019[3] | 2018[1] | 2017[1] | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|
| Revenue from sales and services | 744.0 | 884.9 | 891.4 | 970.1[2] | 1,263.3 | 1,123.2 | 1,169.5 |
| Cost of goods sold | 225.3 | 279.4 | 280.3 | 302.4 | 396.4 | 434.7 | 480.1 |
| Variable costs | 257.6 | 284.3 | 292.1 | 330.9 | 415.4 | 287.7 | 272.5 |
| Fixed costs | 49.7 | 60.1 | 70.2 | 81.3 | 102.4 | 116.8 | 129.1 |
| Personnel costs | 131.3 | 153.2 | 159.8 | 171.0 | 240.7 | 207.7 | 222.2 |
| Other expenses/(income) | (18.0) | (2.6) | (1.1) | – | 0.5 | 3.0 | (2.4) |
| Adjusted EBITDA | 98.1 | 110.4 | 90.1 | 84.5 | 109.0 | 72.7 | 67.9 |
| Restructuring costs | 8.9 | 6.4 | 11.7 | 5.1 | 10.8 | 12.7 | 6.5 |
| Negative / (positive) non recurring items | 4.6 | 1.1 | 0.9 | (7.3) | 3.7 | (21.2) | (10.1) |
| EBITDA | 84.6 | 87.0 | 77.5 | 86.7 | 94.0 | 81.6 | 71.5 |
| Depreciation and amortization | 55.4 | 26.0 | 26.2 | 26.3 | 34.0 | 27.1 | 23.3 |
| Depreciation and amortization IFRS16 | 14.4 | 14.6 | – | – | – | – | – |
| EBIT | 29.2 | 76.9 | 51.2 | 60.4 | 60.0 | 54.5 | 48.2 |
| Net financial | 6.6 | 4.6 | 7.0 | 17.7 | 16.0 | 23.0 | 24.2 |
| Associates | 7.3 | 8.1 | 13.2 | 4.0 | (0.5) | 0.3 | 0.1 |
| Other charges / (income) from associates | (0.6) | (1.0) | – | – | – | 0.1 | – |
| Pre-tax result | 15.9 | 65.2 | 35.2 | 49.5 | 42.3 | 38.3 | 25.2 |
| Income taxes | (3.0) | 18.6 | 14.9 | 22.3 | 18.0 | 20.5 | 16.7 |
| Result from continuing operations | 18.9 | 46.6 | 20.3 | 27.2 | 24.3 | 17.8 | 8.4 |
| Result from discontinued operations | – | (2.6) | (195.5) | 5.8 | 1.0 | (8.7) | (4.7) |
| Minorities | – | 1.2 | 2.0 | 2.5 | 2.7 | 2.7 | 3.1 |
| Net result | 18.9 | 42.8 | (177.1) | 30.4 | 22.5 | 6.4 | 0.6 |
| Net earnings per share (in euro units) | 0.017 | 0.109 | (0.677) | 0.116 | 0.086 | 0.024 | 0.002 |
| Diluted net earnings per share (in euro units) | 0.017 | 0.108 | (0.677) | 0.116 | 0.086 | 0.024 | 0.002 |
[1] Data presented in accordance with IFRS5, with Mondadori France discontinuing
[2] Data reclassified in accordance with IFRS5
[3] Data are reported according to IFRS16
| (€/M) | 9M21 | 1H21 | 1Q21 | 2020 | 9M20 | 1H20 | 1Q20 | 2019 | 9M19[1] | 1H19[1] | 1Q19[1] | 2018[1] | 9M18[1] | 1H18[1] | 1Q18[1] | FY17[1] |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from sales and services | 588.9 | 320.4 | 144.8 | 744.0 | 541.9 | 288.9 | 135.3 | 884.9 | 658.9 | 380.0 | 166.8 | 891.4 | 658.5 | 390.8 | 177.7 | 970.1 |
| Cost of goods sold | 173.2 | 94.6 | 43.2 | 225.3 | 159.6 | 84.8 | 44.5 | 279.4 | 205.4 | 121.4 | 56.9 | 280.3 | 208.4 | 124.9 | 58.9 | 302.4 |
| Variable costs | 200.3 | 116.9 | 153.3 | 257.6 | 177.8 | 103.6 | 46.2 | 284.3 | 213.9 | 129.1 | 54.3 | 292.1 | 214.9 | 133.0 | 59.8 | 330.9 |
| Fixed costs | 35.8 | 24.6 | 12.5 | 49.7 | 35.8 | 24.2 | 12.0 | 76.0 | 41.8 | 28.1 | 14.6 | 70.2 | 40.9 | 28.5 | 15.0 | 81.3 |
| Personnel cost | 100.0 | 67.8 | 35.1 | 131.3 | 98.2 | 65.5 | 35.9 | 153.2 | 114.7 | 79.3 | 39.4 | 159.8 | 120.5 | 85.0 | 43.2 | 171.0 |
| Other expenses / (income) | (5.5) | (4.9) | (0.4) | (18.0) | (0.5) | (0.2) | (0.1) | (2.6) | (0.3) | 0.2 | (0.1) | (1.1) | (0.8) | (0.6) | (0.2) | – |
| EBITDA adjusted | 85.0 | 21.5 | 1.1 | 98.1 | 71.0 | 11.0 | (3.2) | 94.6 | 83.4 | 21.9 | 1.7 | 90.1 | 74.6 | 19.9 | 1.0 | 84.5 |
| Restructuring costs | 3.2 | 1.7 | 0.9 | 8.9 | 2.7 | 1.6 | 0.6 | 6.4 | 3.0 | 1.1 | 0.6 | 11.7 | 6.0 | 5.4 | 3.2 | 5.1 |
| Negative / (positive) non recurring items | 1.4 | 0.8 | (0.1) | 4.6 | 3.2 | 0.9 | 0.6 | 1.1 | 2.0 | 0.1 | – | 0.9 | 3.8 | 3.1 | 0.1 | (7.3) |
| EBITDA | 80.5 | 19.0 | 0.2 | 84.6 | 65.1 | 8.4 | (4.2) | 87.0 | 78.4 | 20.6 | 1.1 | 77.5 | 64.8 | 11.4 | (2.4) | 86.7 |
| Depreciation and amortization | 18.5 | 12.2 | 5.9 | 55.4 | 25.4 | 18.2 | 6.1 | 25.9 | 17.1 | 11.1 | 4.7 | 26.2 | 15.5 | 10.2 | 5.0 | 26.3 |
| Depreciation and amortization IFRS16 | 10.0 | 6.6 | 3.3 | 14.4 | 10.8 | 7.4 | 3.7 | – | 11.1 | 7.4 | 3.6 | – | 10.7 | 7.2 | 3.5 | – |
| EBIT | 52.0 | 0.2 | (9.0) | 29.2 | 28.9 | (17.2) | (14.0) | 61.1 | 50.2 | 2.1 | (7.2) | 51.2 | 38.6 | (5.9) | (10.9) | 60.4 |
| Net financial | 3.9 | 1.7 | 1.1 | 6.6 | 5.1 | 3.7 | 1.6 | 2.2 | 2.3 | 0.7 | (0.1) | 2.9 | 3.2 | 2.1 | 0.6 | 7.0 |
| Other charges / (income) from associates | 0.4 | 0.4 | 0.4 | 7.3 | (0.9) | 6.6 | 6.9 | (1.0) | 1.0 | – | 1.8 | 2.9 | – | – | 2.8 | – |
| Associates | 2.9 | 3.1 | 1.6 | (0.6) | 5.1 | 3.4 | 1.3 | 8.1 | 5.3 | 3.0 | 0.3 | 13.2 | 9.9 | 8.2 | 0.3 | 4.0 |
| Pre-tax result | 44.8 | (5.1) | (12.1) | 15.9 | 19.6 | (30.9) | (23.8) | 51.7 | 41.5 | (1.6) | (9.2) | 35.2 | 25.6 | (16.1) | (14.6) | 49.5 |
| Income taxes | (4.6) | (9.4) | (1.9) | (3.0) | 1.6 | (5.9) | (4.7) | 18.6 | 16.1 | 3.0 | (1.4) | 14.9 | 9.8 | (2.5) | (1.9) | 22.3 |
| Result from continuing operations | 49.4 | 4.4 | (10.2) | 18.9 | 18.0 | (25.0) | (19.1) | 33.1 | 25.4 | (4.6) | (7.9) | 20.3 | 15.8 | (13.6) | (12.7) | 27.2 |
| Result from discontinued operations | – | – | – | – | – | – | – | (2.6) | (1.1) | 3.9 | 4.9 | (195.5) | (195.7) | 2.2 | (0.1) | 5.8 |
| Minorities | – | – | – | – | – | – | – | 1.2 | (1.2) | 1.2 | 0.5 | 2.0 | (1.6) | 1.1 | 0.7 | 2.5 |
| Net result | 49.4 | 4.4 | (10.2) | 18.9 | 18.0 | (25.0) | (19.1) | 29.3 | 23.1 | (1.9) | (3.5) | (177.1) | (181.5) | (12.5) | (13.6) | 30.4 |
[1] Data presented in accordance with IFRS5, with Mondadori France discontinuing
As of January 1, 2019, the data are reported according to IFRS16