«In 2022 net profit higher than expected»- Corriere.it

The profit of MediaForEurope (Mediaset group) in 2022 thus recording a contraction of 42% but up 14% from 190.3 million in 2019 pre-Covid. Consolidated net revenues instead amounted to 2,801 million compared to 2,914 in the previous year. The company considers the economic data for the 2022 financial year to be higher than the company estimates at the beginning of the year formulated before the strong signs of uncertainty caused by international crises. For this reason, the 2022 results, which show a marked growth in net profit even compared to pre-pandemic 2019 (+30.1% considering the net profit adjusted) can be considered decidedly brilliant.

We acted quickly to reshape all the group’s publishing and commercial activities, also resulting in a significant reduction in costs – he declared Pier Silvio Berlusconi, managing director of Mfe-Mediaset —. The result was very positive: even in 2022, which saw the accounts of the entire media sector decline, with even drastic adjustments in employment levels, Mfe was particularly satisfied with the managerial actions which, without any effect on the workforce, led to the achievement of a significant profit .

Investments in development are also holding up. With the cash flow generated we supported the takeover bid on Mediaset Espaa, the treasury share purchase project and the growth of the stake in ProsiebenSat1 added the CEO, who defines 2022 as a very positive year, oriented towards the interests of all stakeholders. The excellent television viewing results, obtained despite the decisive cost control, and the consequent advertising revenues higher than those of the reference markets – he also underlined -, allow us to propose to the meeting a new dividend distribution, confirming the 2021 values.