Q4 24 EBITDA was better than consensus
Mondadori posted a set of results with FY24 EBITDA c2% above (BBG) consensus. Q4 24 sales closed up c2% thanks to retail and media, while trade and education books were down at constant perimeter. Q4 24 adj. EBITDA grew by 6% with margin expanding by c50bps. Q4 net debt (including IFRS 16) was EUR173m and down QoQ. DPS proposed is EUR0.14 (ie c7% yield) vs cons at cEUR0.13/sh.
Guidance points to LSD adj. EBITDA growth
FY25 guidance points to LSD sales gr ....
