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Notorious: revenues up 133% in 1H 2018 vs. 1H 2017, increasing margins

MILAN (AIMnews.it) - Notorious Pictures semi-annual report approved. Revenues are up 133% in the first half of 2018 compared to the same period of 2017, and reached 21.3 Eu m. Ebitda is 8.0 Eu m, with an increase of 110% yoy, while EBIT also increased to 3.4 Eu m (+114% vs. 1H 2017). Net Profit is at 3.0 Eu m, +160% yoy; Net Financial Position is equal to 5.1 Eu m (it was 6.2 Eu m as of December 31st, 2017). "The result for the first half of the year- commented Guglielmo Marchetti, Notorious Pictures Chairman and CEO - is perfectly in line with the company's expectations and accurately reflects the structural growth path that the company has planned since its establishment. In the last three years we have started a new phase of systematic development of new business areas, such as the marketing of audiovisual content on digital and television channels and international executive productions, which to date represent lines of business at full capacity. At the same time we have continued to consolidate the 'core' activities, such as the distribution and production of films a priority. The mix of these activities, combined with additional ones that the company is implementing, including the production of television series, has definitively transformed Notorious from a distribution company to a Digital Media Company."

18/09/2018