Inactive Instrument

BFC Media S.p.A.

Equities

BLUE

IT0005144768

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BFC Media closed 2022 in the red despite increased revenues

March 28, 2023 at 10:50 am EDT

(Alliance News) - BFC Media Spa reported Tuesday that it closed 2022 with a loss of EUR1.1 million compared to a profit of EUR258,915 in the previous year.

Ebitda was a negative EUR344,187 compared to a positive EUR2.2 million in 2021 while contribution margin remained almost stable at EUR3.2 million from EUR3.3 million.

Operating loss of EUR2.8 million compares with Ebit of EUR395,532 in the previous year while pre-tax loss is EUR1.8 million from pre-tax profit of EUR321,321 in 2021.

Revenues rose to EUR20.4 million from EUR16.0 million in 2021 while value added stands at EUR19.3 million from EUR15.1 million.

Consolidated shareholders' equity is EUR2.7 million and consolidated net financial debt is EUR3.3 million due to the bank loan taken out by L'Espresso Media and the loan from partner IDI, which was necessary for the startup of operations on L'Espresso.

BFC Media's stock is unchanged at EUR4.14 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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Latest news about BFC Media S.p.A.

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U.S. inflation slows and stock markets accelerate	23-07-12	AN
BFC Media, shareholders' meeting approves revocation from trading on Euronext Growth	23-07-12	AN
Tessellis, Tiscali acquire BIKE channels from BFC Media	23-07-11	AN
Framework agreement between BFC and Alga for sale of shares	23-07-11	AN
Tessellis S.p.A. agreed to acquire Bike Channel S.r.l. from BFC Media S.p.A..	23-07-10	CI
Futures down; central banks tighten bolts	23-06-29	AN
Mib rises; for Powell, fight against inflation continues	23-06-28	AN
BFC Media, Marco Forlani resigns as chief executive officer	23-06-28	AN
Bertucci leaves BFC Media board after resigning from L'Espresso	23-05-29	AN
BFC has sold its entire stake in BFC Space	23-04-06	AN
FRANCO CAPPIELLO acquired 70.1% stake in Bfc Space S.R.L. from BFC Media S.p.A..	23-04-05	CI
BFC Media closed 2022 in the red despite increased revenues	23-03-28	AN
BFC Media S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-27	CI
BFC Media S.p.A. Reports Earnings Results for the Half Year Ended June 30, 2022	22-09-26	CI
Idi S.r.l. made an offer to acquire a 1.425% stake in BFC Media S.p.A. for €0.17 million.	22-06-13	CI
BFC Media S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2021	22-03-21	CI
Idi S.R.L. agreed to acquire 51% stake in BFC Media S.p.A. €6.1 million.	21-12-29	CI
BFC Media S.p.A. commences an Equity Buyback Plan under the authorization approved on April 22, 2021.	21-07-08	CI
Blue Financial Communication S.p.A. acquired a 7% stake in B-Zero Srl.	20-10-28	CI
Clubdeal S.R.L. announced that it has received €1 million in funding from Blue Financial Communication S.p.A. and other investors	20-10-14	CI

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Company Profile

BFC Media SpA, formerly known as Blue Financial Communication SpA, is an Italy-based independent publishing house specialized in financial information with a focus on personal business and managed saving. Its offering includes a suite of communication tools. The Company operates through four segment: Magazine, Web and Digital, Events and Video. Magazine covers the printed publishing activities of Blueraing, Asset, Private and Forbes, the Company's magazines. Web and Digital manages the Company's Web portals Forbes, Finanza Operativa, Blue Advisor, Blue Academy, Gooruf as well as the Company's social media activities. Events specializes in the organization of market-related events. Video produces market-related content published through a proprietary Web platform. The Company is active locally.

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