(Reuters) – Italian publisher Mondadori on Wednesday confirmed its 2025 guidance after it reported a 62.5% year-on-year decrease in its first-quarter adjusted core profit.
The group’s adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) was 1.8 million euros ($2.02 million) due to the weak start of the book market in 2025.
“The economic and financial figures achieved by our Group during the first quarter of the year are in line with our forecasts” CEO Antonio Porro said in a statement, confirming Mondadori’s targets for 2025.
($1 = 0.8909 euros)
(Reporting by Philippe Leroy Beaulieu in Gdansk; Editing by Emelia Sithole-Matarise)
