Books division performance led to a stronger Q3...
In Q3 22 MN posted a better-than-expected set of numbers. We saw c.20% quarterly sales growth (of which c.3% organic vs BNPPE of 1%) which was driven by the positive performance of both books and retail activities (both up organically) that more than compensated for the declining media. Profitability was ahead with MN having reported c. EUR 88m of adj. EBITDA in the quarter (vs BNPPE of EUR 83m). The gap was mainly due to a stronger operating pe ....

11 Nov 2022
Books performance drives guidance upgrade

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Books performance drives guidance upgrade
- Published:
11 Nov 2022 -
Author:
Grimaldi Giuseppe GG -
Pages:
7 -
Books division performance led to a stronger Q3...
In Q3 22 MN posted a better-than-expected set of numbers. We saw c.20% quarterly sales growth (of which c.3% organic vs BNPPE of 1%) which was driven by the positive performance of both books and retail activities (both up organically) that more than compensated for the declining media. Profitability was ahead with MN having reported c. EUR 88m of adj. EBITDA in the quarter (vs BNPPE of EUR 83m). The gap was mainly due to a stronger operating pe ....