(News Bulletin 247) – The title Reworld Media is moving up sharply on the Paris Stock Exchange on Thursday after the publication of the press group’s annual results, marked in particular by a turnover of more than 500 million euros.
At 10:45 a.m., the action of the owner of Maison & Travaux, Marie France, Grazia or Auto Plus shares rose 8.5%, among the highest increases on the Paris market.
Consolidated turnover stood at 505.8 million euros last year, for the first time above the 500 million threshold, i.e. growth of 7.7% in published data and 3.9 % organic.
Despite the inflationary context which weighed on its profitability, the group managed to generate consolidated EBITDA up 1% to 67.4 million euros, including growth of 0.3% in organic data.
Over the financial year, the group generated free cash flow of 24.6 million euros, compared to 30.9 million euros in 2021.
Reworld explains this decline by the evolution of its business mix and by its paper supply difficulties in an inflationary context.
With regard to 2023, the group says it wants to maintain its strategic orientation by pursuing its development through organic growth and selective external growth, in France and internationally.
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