Mondadori Group strategic positioning

An almost pure book player which contributes to 90% of Group’s margin.

The Group’s cash flow generation allows to estimate a further improvement in results for 2025, when the Group intends to continue to strengthen and consolidate its integrated and diversified leadership position in the core businesses of book and digital publishing, and to expand its Retail network in order to increase coverage throughout the country.

2025 Outlook

  • Financial targets
    • Revenue: low single-digit growth
    • Adjusted EBITDA: low single-digit growth and marginality stable at around 17%
    • Ordinary Cash Flow: slightly lower than the yearly target of € 70 mn (confirmed for the following years)
    • The Group’s Net Financial Debt (IFRS 16) is expected to come in, at end FY 2025, as 1.0x adjusted EBITDA (vs. 1.1x at end 2024)
  • Dividend Policy:
    the greater between the 50% of Ordinary Cash Flow per year and the Dividend per Share of the previous year increased by 10%.