Roularta - H1 2023 - Sales & cost pressures persist
Sales down 6% given a difficult readers and advertising market.Cost inflation persists, price increases were unable to fully offset them. Gross margin decreased 80bps to 80.2%. Net profit landed at EUR -0.9m.Roularta remains prudent on H2 due to the uncertainties in the market.The company hosts an analyst meeting today at 13:00 CET.More details in our note issued this morningRoularta Media Group NV (RMG) is a Belgium-based company engaged in the publication and printing of news and magazines, newspapers and free sheets, as well as in the audiovisual media and electronic publishing. For the wider public, RMG produces free sheets, open network television (TV), radio and the Vlan.be Internet site. For special target groups, RMG produces magazines, a news TV station and portal sites. Its printed media business includes the sale of all printed publications, such as free sheets, newspapers, magazines, newsletters, books and related services. its audiovisual media business comprises advertising on TV and radio, production and broadcasting, as well as all related services. In addition, through bvba Bright Communication and bvba Bright Communication Antwerpen, the Company organizes STERCK. networking events and publishes STERCK. magazine.
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