PRESS RELEASE

MONDO TV: The Board of Directors of Mondo TV Iberoamérica, S.A. has approved the consolidated financial statements for the 2019 financial year

The related press release was published this morning by the subsidiary through the systems of the Madrid Stock Exchange and reported the following results:

  • Consolidated revenues: Euros 2,414,689.79 (+80,57% compared to 2018)
  • Consolidated EBITDA: positive for Euros 1,337,293.35 (negative for around Euros 217 thousands in 2018)
  • Consolidated Net Profit: positive for Euros 107.162,53 (negative for around Euros 5,570 thousands in 2018)

18 March 2020 - Mondo TV informs that the Board of Directors of Mondo TV Iberoamérica, SA, yesterday evening approved the consolidated financial statements for 2019. The subsidiary company published this morning the related press release which is reproduced herein in Italian and English.

Consolidated revenues amounted to Euros 2,414,689.79 (+ 80.57% compared to 2018) while consolidated EBITDA returned to be positive for Euros 1,337,293.35 (negative for Euros 216,737.40 in 2018) and consolidated net profit was Euros 107,162.53 (negative results for Euros 5,568,045.87 in 2018), highlighting that the results in 2018 were just an exception which has been already overcome.

The asset and financial balance was restored through the returning to a positive net equity of Euros 1,110,183.16 and, for the first time, the Group closed the year with positive working capital for Euros 192,758.61. The net financial position improved from being negative for Euros 7,338,813.03 in 2018 to being negative for Euros 2,139,447.65 in 2019.

The above results are currently being audited.

Mondo TV, listed in the Star segment of Borsa Italiana, is the holding company of a Group made up of four more companies; the Group is a leader in Italy and among the primary European operators in the production and distribution of television series and cartoon films for TV and the cinema, and is active in the related sectors (audiovisual and musical distribution, licensing, media, publishing and merchandising). For further information on Mondo TV, visit www.mondotv.it.

ISIN code: IT0001447785 - Acronym: MTV - Negotiated on MTA - Reuters: MTV.MI - Bloomberg: MTV.IM

Contact:
Mondo TV
Piergiacomo Pollonio
Investor Relator
investorrelations@mondotvgroup.com

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Mondo Tv S.p.A. published this content on 18 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 March 2020 09:21:07 UTC