Reworld Media: stock spins after H1 results

(CercleFinance.com) - Reworld Media shares are down 17% following the publication of net income, group share, of E5.
6m for H1 2024, practically half the E10.9m a year earlier.

EBITDA rose by 1.5% to E22.8m, giving a margin slightly up (+0.2 point) to 8.6%, on almost stable sales (-0.9%) of E264.1m, with 4.3% growth in the BtoB division largely offsetting a 6.9% decline in the BtoC division.

It highlights an environment marked by macroeconomic uncertainties and sustained by positive momentum in the communications market, driven by major sporting events (Paris 2024 Olympic Games, 2024 Euro ), which is not very favourable for thematic media.


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