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</header> <div class="entry-content"> <div class="row"> <div class="col-xs-12"> <div class="contenuto_editoriale"><p> </p> <div class="tabs-cont"> <h2>Conto economico</h2> <p> </p> <table style="height: 516px"> <thead> <tr> <th scope="row">(IN MILIONI DI EURO)</th> <th style="text-align: center" scope="col">2018</th> <th style="text-align: center" scope="col">%</th> <th style="text-align: center" scope="col">2017</th> <th style="text-align: center" scope="col">%</th> </tr> </thead> <tbody> <tr> <th style="text-align: left" scope="row">RICAVI EDITORIALI</th> <td style="text-align: center">432,3</td> <td style="text-align: center">44,3</td> <td style="text-align: center">344,9</td> <td>38,5</td> </tr> <tr> <th style="text-align: left" scope="row">RICAVI PUBBLICITARI聽</th> <td style="text-align: center">405,8</td> <td style="text-align: center">41,6</td> <td style="text-align: center">409,8</td> <td style="text-align: center">45,7</td> </tr> <tr> <th style="text-align: left" scope="row">RICAVI DIVERSI聽</th> <td style="text-align: center">137,5</td> <td style="text-align: center">14,1</td> <td style="text-align: center">141,1</td> <td style="text-align: center">15,8</td> </tr> <tr class="totale"> <th class="persist" style="text-align: left" scope="row">RICAVI NETTI</th> <td style="text-align: center">975,6</td> <td style="text-align: center">100,0</td> <td style="text-align: center">895,8</td> <td style="text-align: center">100,0</td> </tr> <tr> <th style="text-align: left" scope="row">COSTI OPERATIVI</th> <td style="text-align: center">(549,2)</td> <td style="text-align: center">(56,3)</td> <td style="text-align: center">(491,4)</td> <td style="text-align: center">(54,9)</td> </tr> <tr> <th style="text-align: left" scope="row">COSTO DEL LAVORO</th> <td style="text-align: center">(264,7)</td> <td style="text-align: center">(27,1)</td> <td style="text-align: center">(258,1)</td> <td style="text-align: center">(28,8)</td> </tr> <tr> <th style="text-align: left" scope="row">SVALUTAZIONE CREDITI e ACCANTONAMENTI PER RISCHI</th> <td style="text-align: center">聽 (8,4)</td> <td style="text-align: center"> <p>(0,9)</p> </td> <td style="text-align: center">(10,2)</td> <td style="text-align: center">(1,1)</td> </tr> <tr> <th style="text-align: left" scope="row">PROVENTI (ONERI) DA PARTECIPAZIONI METODO DEL PN</th> <td style="text-align: center">2,0</td> <td style="text-align: center">0,2</td> <td style="text-align: center">2,1</td> <td style="text-align: center">0,2</td> </tr> <tr class="totale"> <th class="persist" style="text-align: left" scope="row">EBITDA</th> <td style="text-align: center">聽155,3</td> <td style="text-align: center">15,9</td> <td style="text-align: center">138,2</td> <td style="text-align: center">15,4</td> </tr> <tr> <th style="text-align: left" scope="row">AMMORTAMENTI IMMOBILIZZAZIONI</th> <td style="text-align: center">(31,7)</td> <td style="text-align: center">(3,3)</td> <td style="text-align: center">(40,2)</td> <td style="text-align: center">(4,5)</td> </tr> <tr> <th style="text-align: left" scope="row">SVALUTAZIONI IMMOBILIZZAZIONI</th> <td style="text-align: center">(8,1)</td> <td style="text-align: center">(0,8)</td> <td style="text-align: center">(2,4)</td> <td style="text-align: center">(0,3)</td> </tr> <tr class="totale"> <th class="persist" style="text-align: left" scope="row">RISULTATO OPERATIVO (EBIT)</th> <td style="text-align: center">115,5</td> <td style="text-align: center">11,8</td> <td style="text-align: center">95,6</td> <td style="text-align: center">10,7</td> </tr> <tr> <th style="text-align: left" scope="row">PROVENTI (ONERI) FINANZIARI NETTI</th> <td style="text-align: center">(14,1)</td> <td style="text-align: center">(1,4)</td> <td style="text-align: center">(24,4)</td> <td style="text-align: center">(2,7)</td> </tr> <tr> <th style="text-align: left" scope="row">PROVENTI (ONERI) DA ATTIVIT脌/PASSIVIT脌 FINANZIARIE</th> <td style="text-align: center">聽(0,9)</td> <td style="text-align: center">(0,1)</td> <td style="text-align: center">16,2</td> <td style="text-align: center">1,8</td> </tr> <tr class="totale"> <th class="persist" style="text-align: left" scope="row">RISULTATO PRIMA DELLE IMPOSTE</th> <td style="text-align: center">100,5</td> <td style="text-align: center">10,3</td> <td style="text-align: center">87,4</td> <td style="text-align: center">9,8</td> </tr> <tr> <th style="text-align: left" scope="row">IMPOSTE SUL REDDITO</th> <td style="text-align: center">(15,2)</td> <td style="text-align: center">(1,6)</td> <td style="text-align: center">(16,5)</td> <td style="text-align: center">(1,8)</td> </tr> <tr> <th style="text-align: left" scope="row">RISULTATO DELLE ATTIVIT脌 DESTINATE ALLA DISMISSIONE E DISMESSE聽</th> <td style="text-align: center">–</td> <td style="text-align: center">–</td> <td style="text-align: center">–</td> <td style="text-align: center">–</td> </tr> <tr> <th style="text-align: left" scope="row">(UTILE) PERDITA NETTA DI COMPETENZA DI TERZI</th> <td style="text-align: center">(0,1)</td> <td style="text-align: center">–</td> <td style="text-align: center">0,2</td> <td style="text-align: center">–</td> </tr> <tr class="totale"> <th class="persist" style="text-align: left" scope="row">RISULTATO NETTO DI PERIODO DI GRUPPO</th> <td style="text-align: center">85,2</td> <td style="text-align: center">8,7</td> <td style="text-align: center">71,1</td> <td style="text-align: center">7,9</td> </tr> </tbody> </table> <div> <p> </p> <h2>Stato patrimoniale</h2> <table> <thead> <tr> <th scope="row">(IN MILIONI DI EURO)</th> <th style="text-align: center" scope="col">2018</th> <th style="text-align: center" scope="col">%</th> <th style="text-align: center" scope="col">2017</th> <th style="text-align: center" scope="col">%</th> </tr> </thead> <tbody> <tr> <th style="text-align: left" scope="row">IMMOBILIZZAZIONI IMMATERIALI</th> <td style="text-align: center">369,4</td> <td style="text-align: center">83,6</td> <td style="text-align: center">383,9</td> <td style="text-align: center">83,7</td> </tr> <tr> <th style="text-align: left" scope="row">IMMOBILIZZAZIONI MATERIALI</th> <td style="text-align: center">65,4</td> <td style="text-align: center">14,8</td> <td style="text-align: center">73,8</td> <td style="text-align: center">16,1</td> </tr> <tr> <th style="text-align: left" scope="row">INVESTIMENTI IMMOBILIARI</th> <td style="text-align: center">20,1</td> <td style="text-align: center">4,5</td> <td style="text-align: center">20,7</td> <td style="text-align: center">4,5</td> </tr> <tr> <th style="text-align: left" scope="row">IMMOBILIZZAZIONI FINANZIARIE</th> <td style="text-align: center">154,1</td> <td style="text-align: center">34,9</td> <td style="text-align: center">171,4</td> <td style="text-align: center">37,4</td> </tr> <tr> <th style="text-align: left" scope="row"><strong>ATTIVO IMMOBILIZZATO NETTO</strong></th> <td style="text-align: center"><b>609,0</b></td> <td style="text-align: center"><strong>137,8</strong></td> <td style="text-align: center"><strong>649,8</strong></td> <td style="text-align: center"><strong>141,6</strong></td> </tr> <tr> <th style="text-align: left" scope="row">RIMANENZE</th> <td style="text-align: center">19,6</td> <td style="text-align: center">4,4</td> <td style="text-align: center">15,9</td> <td style="text-align: center">3,5</td> </tr> <tr> <th style="text-align: left" scope="row">CREDITI COMMERCIALI</th> <td style="text-align: center">212,0</td> <td style="text-align: center">48,0</td> <td style="text-align: center">240,3</td> <td style="text-align: center">52,4</td> </tr> <tr> <th style="text-align: left" scope="row">DEBITI COMMERCIALI</th> <td style="text-align: center">(204,7)</td> <td style="text-align: center">(46,3)</td> <td style="text-align: center">(236,3)</td> <td style="text-align: center">(51,5)</td> </tr> <tr> <th style="text-align: left" scope="row">ALTRE ATTIVIT脌/PASSIVIT脌</th> <td style="text-align: center">(57,8)</td> <td style="text-align: center">(13,)</td> <td style="text-align: center">(66,6)</td> <td style="text-align: center">(14,5)</td> </tr> <tr> <th style="text-align: left" scope="row"><strong>CAPITALE D’ESERCIZIO</strong></th> <td style="text-align: center"><b>(30,9)</b></td> <td style="text-align: center"><strong>(7,0)</strong></td> <td style="text-align: center"><strong>聽(46,7)</strong></td> <td style="text-align: center"><strong>聽(10,2)</strong></td> </tr> <tr> <th style="text-align: left" scope="row">FONDI PER RISCHI E ONERI</th> <td style="text-align: center">(47,6)</td> <td style="text-align: center">(10,8)</td> <td style="text-align: center">(50,4)</td> <td style="text-align: center">(11,0)</td> </tr> <tr> <th style="text-align: left" scope="row">PASSIVIT脌 PER IMPOSTE DIFFERITE</th> <td style="text-align: center">(51,5)</td> <td style="text-align: center">(11,6)</td> <td style="text-align: center">(55,4)</td> <td style="text-align: center">(12,1)</td> </tr> <tr> <th style="text-align: left" scope="row">BENEFICI RELATIVI AL PERSONALE</th> <td style="text-align: center">(36,9)</td> <td style="text-align: center">(8,3)</td> <td style="text-align: center">(38,4)</td> <td style="text-align: center">(8,4)</td> </tr> <tr> <th style="text-align: left" scope="row"><strong>CAPITALE INVESTITO NETTO聽</strong></th> <td style="text-align: center"><strong>442,1</strong></td> <td style="text-align: center"><strong>100,0</strong></td> <td style="text-align: center"><strong>458,9</strong></td> <td style="text-align: center"><strong>100.0</strong></td> </tr> <tr> <th style="text-align: left" scope="row"><strong>PATRIMONIO NETTO</strong></th> <td style="text-align: center"><b>254,5</b></td> <td style="text-align: center"><strong>57,6</strong></td> <td style="text-align: center"><strong>171,5</strong></td> <td style="text-align: center"><strong>37,4</strong></td> </tr> <tr> <th style="text-align: left" scope="row">DEBITI FINANZIARI A MEDIO LUNGO TERMINE</th> <td style="text-align: center">141,6</td> <td style="text-align: center">32,0</td> <td style="text-align: center">235,8</td> <td style="text-align: center">51,4</td> </tr> <tr> <th style="text-align: left" scope="row">DEBITI FINANZIARI A BREVE TERMINE</th> <td style="text-align: center">58,8</td> <td style="text-align: center">13,3</td> <td style="text-align: center">67,0</td> <td style="text-align: center">14,6</td> </tr> <tr> <th style="text-align: left" scope="row">PASSIVIT脌 FINANZIARIE CORRENTI PER STRUMENTI DERIVATI</th> <td style="text-align: center">0,1</td> <td style="text-align: center">–</td> <td style="text-align: center">1,0</td> <td style="text-align: center">0,2</td> </tr> <tr> <th style="text-align: left" scope="row">PASSIVIT脌 FINANZIARIE NON CORRENTI PER STRUMENTI DERIVATI</th> <td style="text-align: center">1,0</td> <td style="text-align: center">0,2</td> <td style="text-align: center">0,1</td> <td style="text-align: center">–</td> </tr> <tr> <th style="text-align: left" scope="row">DISPONIBILIT脌 E CREDITI FINANZIARI A BREVE TERMINE</th> <td style="text-align: center">(13,9)</td> <td style="text-align: center">(3,1)</td> <td style="text-align: center">(16,5)</td> <td style="text-align: center">(3,6)</td> </tr> <tr> <th style="text-align: left" scope="row"><strong>INDEBITAMENTO FINANZIARIO NETTO</strong></th> <td style="text-align: center"><b>187,6</b></td> <td style="text-align: center"><strong>42,4</strong></td> <td style="text-align: center"><strong>287,4</strong></td> <td style="text-align: center"><strong>62,6</strong></td> </tr> <tr> <th style="text-align: left" scope="row"><strong>TOTALE FONTI DI FINANZIAMENTO</strong></th> <td style="text-align: center"><strong>442,1</strong></td> <td style="text-align: center"><strong>100,0</strong></td> <td style="text-align: center"><strong>458,9</strong></td> <td style="text-align: center"><strong>100,0</strong></td> </tr> </tbody> </table> <div> <p> </p> <h2>Segment information</h2> <h3>Risultati per Business Units</h3> <table> <thead> <tr> <th scope="row">(IN MILIONI DI EURO)</th> <th style="text-align: center" colspan="2" scope="col">RICAVI</th> <th style="text-align: center" colspan="2" scope="col">EBITda</th> <th style="text-align: center" colspan="2" scope="col">% SUI RICAVI</th> </tr> <tr> <th style="text-align: center" scope="row">聽</th> <th style="text-align: center" scope="col">2018</th> <th style="text-align: center" scope="col">2017</th> <th style="text-align: center" scope="col">2018</th> <th style="text-align: center" scope="col">2017</th> <th style="text-align: center" scope="col">2018</th> <th style="text-align: center" scope="col">2017</th> </tr> </thead> <tbody> <tr> <th style="text-align: left" scope="row">NEWS ITALY</th> <td style="text-align: center">458,6</td> <td style="text-align: center">380,4</td> <td style="text-align: center">84,2</td> <td style="text-align: center">86,8</td> <td style="text-align: center">18,4%</td> <td style="text-align: center">22,8%</td> </tr> <tr> <th style="text-align: left" scope="row">magazines聽italy</th> <td style="text-align: center">95,9</td> <td style="text-align: center">93,6</td> <td style="text-align: center">10,8</td> <td style="text-align: center">14,2</td> <td style="text-align: center">11,3%</td> <td style="text-align: center">15,2%</td> </tr> <tr> <th style="text-align: left" scope="row">Advertising and SPORT</th> <td style="text-align: center">301,0</td> <td style="text-align: center">313,2</td> <td style="text-align: center">32,5</td> <td style="text-align: center">22,7</td> <td style="text-align: center">10,8%</td> <td style="text-align: center">7,2%</td> </tr> <tr> <th style="text-align: left" scope="row">Unidad聽 editorial</th> <td style="text-align: center">310,8</td> <td style="text-align: center">300,5</td> <td style="text-align: center">44,7</td> <td style="text-align: center">32,1</td> <td style="text-align: center">14,4%</td> <td style="text-align: center">10,7%</td> </tr> <tr> <th style="text-align: left" scope="row">corporate and elisions</th> <td style="text-align: center">(190,7)</td> <td style="text-align: center">(191,9)</td> <td style="text-align: center">(16,9)</td> <td style="text-align: center">(17,7)</td> <td style="text-align: center">n.a.</td> <td style="text-align: center">n.a.</td> </tr> <tr> <th style="text-align: left" scope="row"><strong>聽consolidated</strong></th> <td style="text-align: center">聽<b>975,6</b></td> <td style="text-align: center">895,8</td> <td style="text-align: center">155,3</td> <td style="text-align: center">138,2</td> <td style="text-align: center">15,9%</td> <td style="text-align: center">15,4%</td> </tr> </tbody> </table> <p style="text-align: center">聽</p> <div class="nota"> <p><em>聽</em></p> </div> <h3>Ricavi per area geografica</h3> <table> <thead> <tr> <th scope="col">聽(IN MILIONI DI EURO)</th> <th style="text-align: center" scope="col">2018</th> <th style="text-align: center" scope="col">%</th> <th style="text-align: center" scope="col">2017</th> <th style="text-align: center" scope="col">%</th> </tr> </thead> <tbody> <tr> <th style="text-align: left" scope="row">聽ITALIA</th> <td style="text-align: center">651.0</td> <td style="text-align: center">66,8%</td> <td style="text-align: center">566,6</td> <td style="text-align: center">63,3%</td> </tr> <tr> <th style="text-align: left" scope="row">聽SPAGNA</th> <td style="text-align: center">316,4</td> <td style="text-align: center">32,4%</td> <td style="text-align: center">306,5</td> <td style="text-align: center">34,2%</td> </tr> <tr> <th style="text-align: left" scope="row">聽ALTRI PAESI</th> <td style="text-align: center">8,2</td> <td style="text-align: center">0,8%</td> <td style="text-align: center">22,7</td> <td style="text-align: center">2,5%</td> </tr> <tr> <th style="text-align: left" scope="row">聽TOTALE</th> <td style="text-align: center">975,6</td> <td style="text-align: center">100%</td> <td style="text-align: center">895,8</td> <td style="text-align: center">100%</td> </tr> </tbody> </table> <p> </p> <h2>Dipendenti</h2> <p> </p> <table> <thead> <tr> <th scope="row">ORGANICO PUNTUALE</th> <th style="text-align: center" scope="col">31 DIC 2018</th> <th style="text-align: center" scope="col">31 DIC 2017</th> </tr> </thead> <tbody> <tr> <th scope="row">ITALIA</th> <td style="text-align: center">1.952</td> <td style="text-align: center">1.967</td> </tr> <tr> <th scope="row">SPAGNA</th> <td style="text-align: center">1.263</td> <td style="text-align: center">1.299</td> </tr> <tr> <th scope="row">ALTRI PAESI</th> <td style="text-align: center">50</td> <td style="text-align: center">55</td> </tr> <tr> <th scope="row">TOTALE</th> <td style="text-align: center">3.265</td> <td style="text-align: center">3.321</td> </tr> </tbody> </table> </div> </div> </div> </div> </div> </div> </div> <footer class="entry-meta"> <div class="last-update">Ultimo aggiornamento: <span><time class="entry-modified-date" 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