RCS Group, revenues up to 445.7 million euros
The beginning of 2022 was still characterized by continuation of the health emergency. Starting from February, the situation began to improve both in Italy and in Spain, allowing the acceleration of a phase of progressive significant reduction of the limitations.
In this context, in the first half of 2022 the Group continued to generate positive cash flows and achieved revenues ed EBITDA before non-recurring charges up compared to 2021. The EBITDA it is positive and equal to 60.6 million, impacted by an increase in the costs of paper and other production factors of approximately 10 million. The EBITDA before non-recurring charges, equal to 71.9 million, an increase of 3.4 million compared to the same period of 2021.
I consolidated net revenues of the Group at 30 June 2022 amounted to 445.7 million, an increase of 23.9 million compared to 30 June 2021. The growth of advertising revenues and gods different revenues. I digital revenueswhich total 95.7 million, represent approximately 21.5% of total revenues. I advertising revenues they amounted to 175.1 million (164.1 million in the first half of 2021), with a positive trend compared to the same half of the previous year, both in Italy and in Spain. There advertising revenue total on on-line media in the first half of 2022 stood at 67.4 million, equal to approximately 39% of total advertising revenues.
I publishing revenues and circulation are equal to 178.5 million (180.2 million in the first six months of 2021). Both Italian newspapers confirmed their circulation leadership position in their respective market segments in May 2022. At the end of June, the total active customer base for Corriere della Sera (digital edition, membership and m-site) amounted to 436 thousand subscriptions. The customer base of Gazzetta pay products (which includes G ALL, G +, GPRO and Magic products) closed at the end of June 2022 with 89 thousand subscriptions.
In Spain, Marca and Expansion also confirmed their position of paper circulation leadership in their respective market segments in June 2022 (Source: OJD). The growth of digital subscriptions continues, reaching around 93 thousand subscriptions for El Mundo and 46 thousand subscriptions for Expansion in June 2022.
I different revenues they amount to 92.1 million (77.5 million in the first half of 2021). EBITDA for the first half of 2022 was positive and equal to 60.6 million, down by 7.3 million compared to the first half of 2021, Net non-recurring income and expenses were negative for 11.3 million (-0.6 million in the first half of 2021) and include € 10 million in charges attributable to the settlement of the dispute relating to the real estate complex in via Solferino / San Marco / Balzan.
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