(Alliance News) - The board of directors of Telesia Spa on Tuesday approved the results as of December 31, 2022. The loss was EUR309,000 from a loss for EUR131,00 in the same period of the previous year.

Revenues were EUR13.2 million from EUR9.7 million in the same period of the previous year.

Ebitda stood at EUR950,000 from EUR1.0 million in 2021.

Ebit was EUR170,000 from EUR360,000 as of December 31, 2021.

Net financial position is negative EUR950,000 from negative EUR5.0 million as of December 31, 2021.

The Group's main source of revenues is TV and the GO TV line, whose advertising sales are exclusively entrusted to Class Pubblicità. The group's activities consist of Telesia and Class CNBC, with a strong synergy of news and information content.

Looking to the future, "Despite the continuation of the framework of instability, made more intense by the policy of desired raising of rates and the international banking crises in March, Telesia's GoTv channels record in the first two months of the commercial year (January-February 2023) advertising sales in a strongly positive sign marking a surplus of 75 percent compared to the same period in 2022; moreover, while waiting for a hoped-for stabilization of the economic framework, the company is focusing, as mentioned before, on the valorization of its most important assets! Telesia noted in a note.

"As far as Class CNBC is concerned, in the described context, in which the large national networks have been charging increasingly lower advertising rates, the company manages to continue its growth also thanks to the component of creative solutions and digital events. The improvement in advertising results-the company's main source of revenue-recorded by the channel in recent years confirms the responsiveness of Class CNBC, which is coping with this market trend with a series of initiatives aimed at both a continuous reduction in operating expenses and product diversification within its area of expertise."

On Tuesday, Telesia closed in the green by 1.0 percent at EUR1.96 per share.

By Claudia Cavaliere, Alliance News reporter

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