MONDO TV S.P.A.
Net profit at 1.4 million + 43% compared to the first quarter of 2019 At consolidated level:
Production value at approximately Euros 6 million, + 19% compared to the first quarter of 2019
Ebitda equal to approximately Euros 4 million, + 33% compared to the first quarter of 2019
Net profit is equal to approximately Euros 1.4 million + 43% compared to the first quarter of 2019 At the level of the parent company only: Production value is approximately at Euros 4.2 million, + 27% compared to the first quarter of 2019
Ebitda equal to approximately Euros 2.4 million, + 37% compared to the first quarter of 2019
Net profit is approximately Euros 1 million in line with the first quarter of 2019
Expected results for 2020 improving compared to the already excellent 2019 14 May 2020 he Board of Directors of Mondo TV S.p.A. - holding company of a Group working in the production and distribution of cartoons for TV and the cinema - approved the interim financial statement of the Group as of 31 March 2020. Consolidated results for Mondo TV Group The value of production in the period is approximately euros 6 million, increasing by 19% compared to the first three months of 2019, as an effect mainly of the sales of the new series by the holding company and by the Group Mondo TV Iberoamérica. Ebitda is approximately at euros 4 million, with a 33% increase compared to around euros 3 million in the first three months of 2019, due to the reasons explained above and for the savings on the costs. Ebit is approximately at euros 1.9 million, with an increase of 8% compared to around euros 1.75 million in the first three months of 2019. The net profit is approximately at euros 1.4 million compared to approximately euros 1 million in the first three months of 2019, and in line with the provisions of the new business plan of the group. The net financial position is equal to Euro 3.3 million of net debt compared to Euro 1.4 million of net debt at December 31, 2019; the increase is mainly due to a slowdown in collections due to the lockdown first in Asia and then in Europe, partially balanced by the lower volume of investments; starting from April and then more consistently in May, the volume of collections is resuming the normal trend due to the re-openings, without highlighting critical situations. The Group's shareholders' equity amounted to euros 61.6 million compared to euros 60.4 million as of December 31, 2019, mainly by virtue of the result of the period Results of the Holding company The value of production in the period is approximately at euros 4.2 million, with an increase of 27% compared to the first three months of 2019, mainly by virtue of the sales of the new series. Ebitda is approximately at euros 3.3 million, with a 37% increase compared to approximately euros 2.4 million in the first three months of 2019 due to the above. EBIT is approximately at euros 1.5 million, increasing of 7% compared to around euros 1.4 million in the first three months of 2019. The net profit is approximately at euros 1 million in line with the first three months of 2019. Main events in the first quarter 2020 In the first quarter of 2020, the collaboration with the German company Toon2Tango was strengthened, strengthening the Group's presence in the countries of Northern Europe, with the start of the development of three further productions and with the worldwide distribution mandate for Mondo TV, both for television rights and licensing, of two further series produced by third parties. On February 20, the sale of the animated series Sissi and MeteoHeroes to Swiss television RSI was completed. At the end of the quarter, the subsidiary Mondo TV Iberoamérica renewed with Turner Italia the transfer of the rights of the first two seasons of the live series "Yo Soy Franky", while the main source of revenues for the subsidiary Mondo TV Producciones Canarias related to the sale of part of the IP of "Bat Pat 2" to RTVE. Mondo TV France continues the production of the animated series Disco Dragon while the parent company continues the production of the animated series Invention story, Robot Trains 3 third season, and MeteoHeroes. Business Outlook In April, the series MeteoHeroes (previewed on April 22) and Invention stories were launched with satisfactory audience results. Also in April, the subsidiary Mondo TV Producciones Canarias signed a new co-production contract with Enanimation for the development of a 52 episode series called "Nina and Olga", based on the books by the famous writer and illustrator Nicoletta Costa. In May, Mondo TV signed a six-program license agreement with TIM to broadcast on TIMVISION, including Invention Story, Robot Trains and Sissi. To date, no significant impacts are expected from the crisis relating to COVID-19, as the company has been structured in such a way as to continue normal operations even with remote work tools and there are currently no significant slowdowns by the both domestic and foreign suppliers and has the necessary liquidity for the normal course of operations; as regards the acquisition of new contracts, the group has sufficient contracts for the coming months to achieve the objectives set in the business plan. Declaration of the executive responsible for financial reporting The executive responsible for corporate financial reporting, Carlo Marchetti, declares, pursuant to paragraph 2 of section 154-bis of the Italian Consolidated Finance Act, that the information in this press release corresponds to the data in the accounting documents, records and books. This interim financial statement relating to the first quarter 2020, together with the auditors report, is filed at the Company's registered office in Rome and with Borsa Italiana S.p.A., and is available for anybody requesting for it. It is also published on the website www.mondotv.it and the storage website managed by Spafid Connect www.emarketsdirstorage.it. Attached to this press release are the key financial figures tables included in the interim financial statement relating to the first quarter 2020 approved by the Board of Directors; it is highlighted that this report was not subject to auditing
Production value at approximately Euros 6 million, + 19% compared to the first quarter of 2019
Ebitda equal to approximately Euros 4 million, + 33% compared to the first quarter of 2019
Net profit is equal to approximately Euros 1.4 million + 43% compared to the first quarter of 2019 At the level of the parent company only: Production value is approximately at Euros 4.2 million, + 27% compared to the first quarter of 2019
Ebitda equal to approximately Euros 2.4 million, + 37% compared to the first quarter of 2019
Net profit is approximately Euros 1 million in line with the first quarter of 2019
Expected results for 2020 improving compared to the already excellent 2019 14 May 2020 he Board of Directors of Mondo TV S.p.A. - holding company of a Group working in the production and distribution of cartoons for TV and the cinema - approved the interim financial statement of the Group as of 31 March 2020. Consolidated results for Mondo TV Group The value of production in the period is approximately euros 6 million, increasing by 19% compared to the first three months of 2019, as an effect mainly of the sales of the new series by the holding company and by the Group Mondo TV Iberoamérica. Ebitda is approximately at euros 4 million, with a 33% increase compared to around euros 3 million in the first three months of 2019, due to the reasons explained above and for the savings on the costs. Ebit is approximately at euros 1.9 million, with an increase of 8% compared to around euros 1.75 million in the first three months of 2019. The net profit is approximately at euros 1.4 million compared to approximately euros 1 million in the first three months of 2019, and in line with the provisions of the new business plan of the group. The net financial position is equal to Euro 3.3 million of net debt compared to Euro 1.4 million of net debt at December 31, 2019; the increase is mainly due to a slowdown in collections due to the lockdown first in Asia and then in Europe, partially balanced by the lower volume of investments; starting from April and then more consistently in May, the volume of collections is resuming the normal trend due to the re-openings, without highlighting critical situations. The Group's shareholders' equity amounted to euros 61.6 million compared to euros 60.4 million as of December 31, 2019, mainly by virtue of the result of the period Results of the Holding company The value of production in the period is approximately at euros 4.2 million, with an increase of 27% compared to the first three months of 2019, mainly by virtue of the sales of the new series. Ebitda is approximately at euros 3.3 million, with a 37% increase compared to approximately euros 2.4 million in the first three months of 2019 due to the above. EBIT is approximately at euros 1.5 million, increasing of 7% compared to around euros 1.4 million in the first three months of 2019. The net profit is approximately at euros 1 million in line with the first three months of 2019. Main events in the first quarter 2020 In the first quarter of 2020, the collaboration with the German company Toon2Tango was strengthened, strengthening the Group's presence in the countries of Northern Europe, with the start of the development of three further productions and with the worldwide distribution mandate for Mondo TV, both for television rights and licensing, of two further series produced by third parties. On February 20, the sale of the animated series Sissi and MeteoHeroes to Swiss television RSI was completed. At the end of the quarter, the subsidiary Mondo TV Iberoamérica renewed with Turner Italia the transfer of the rights of the first two seasons of the live series "Yo Soy Franky", while the main source of revenues for the subsidiary Mondo TV Producciones Canarias related to the sale of part of the IP of "Bat Pat 2" to RTVE. Mondo TV France continues the production of the animated series Disco Dragon while the parent company continues the production of the animated series Invention story, Robot Trains 3 third season, and MeteoHeroes. Business Outlook In April, the series MeteoHeroes (previewed on April 22) and Invention stories were launched with satisfactory audience results. Also in April, the subsidiary Mondo TV Producciones Canarias signed a new co-production contract with Enanimation for the development of a 52 episode series called "Nina and Olga", based on the books by the famous writer and illustrator Nicoletta Costa. In May, Mondo TV signed a six-program license agreement with TIM to broadcast on TIMVISION, including Invention Story, Robot Trains and Sissi. To date, no significant impacts are expected from the crisis relating to COVID-19, as the company has been structured in such a way as to continue normal operations even with remote work tools and there are currently no significant slowdowns by the both domestic and foreign suppliers and has the necessary liquidity for the normal course of operations; as regards the acquisition of new contracts, the group has sufficient contracts for the coming months to achieve the objectives set in the business plan. Declaration of the executive responsible for financial reporting The executive responsible for corporate financial reporting, Carlo Marchetti, declares, pursuant to paragraph 2 of section 154-bis of the Italian Consolidated Finance Act, that the information in this press release corresponds to the data in the accounting documents, records and books. This interim financial statement relating to the first quarter 2020, together with the auditors report, is filed at the Company's registered office in Rome and with Borsa Italiana S.p.A., and is available for anybody requesting for it. It is also published on the website www.mondotv.it and the storage website managed by Spafid Connect www.emarketsdirstorage.it. Attached to this press release are the key financial figures tables included in the interim financial statement relating to the first quarter 2020 approved by the Board of Directors; it is highlighted that this report was not subject to auditing
Attachments
- Original document
- Permalink
Disclaimer
Mondo Tv S.p.A. published this content on 14 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2020 14:19:06 UTC
