ARNOLDO MONDADORI EDITORE S.P.A. 1Q20 Results
Investors Presentation
Ernesto Mauri - CEO Oddone Pozzi - CFO
Segrate, 14 May 2020
AGENDA
- 1Q 2020 Highlights
- 1Q 2020 Results
- 1Q 2020 Business
- FY 2020 Outlook
1Q20 Highlights
February YTD results in line with FY guidance
Covid-19 effects: bookshops closed from 12th March; Amazon's supplies suspension from 20th March; museums closed from 8th March; ≈13% kiosks closed during the lockdown period
March YOY performance impacted by Covid-19 effects
March YTD Revenues: -18.9% vs. PY (-17.1% lfl)
March YTD Adjusted Ebitda (IFRS 16): -4.8 € mn vs. PY
LTM Ordinary Cash generation at 45.8 € mn (48.5 € mn at December 2019)
Labour and operating costs reduction plan
3
Safety
Costs
Covid-19 actions
Internal crisis committee established
Smart-working for almost all the employees
Company anti contagion protocol published and made available to the entire company population
Supply of all necessary personal protective equipment in a sanitized work environment
Operating costs reduction plan
Use of outstanding holidays and of the procedures for social safety nets
Reduction of the variable remuneration of Group Management for 2020
4
Questo è un estratto del contenuto originale. Per continuare a leggere, accedi al documento originale.
Attachments
- Original document
- Permalink
Disclaimer
Arnoldo Mondadori Editore 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 13:09:04 UTC
