ILBE continues to grow in the third quarter: revenues and EBIT up compared to 30 September 2020

December 7, 2021

Consolidated revenues as at 30 September 2021: €134 million (+77.0% compared to €75.7 million as at 30 September 2020)
Consolidated EBIT before non-recurring net charges as at 30 September 2021: €18.2 million (+6.4% compared to €17.1 million as at 30 September 2020)

The Board of Directors of ILBE (Iervolino and Lady Bacardi Entertainment), a company listed on Euronext Growth Milan, examined and approved the Group’s final results for the nine-month period as at 30 September 2021.

The data confirm the growth in Q3 and show consolidated revenues of €134.045 million (+77.0% compared to €75.717 million as at 30 September 2020) and consolidated EBIT, gross of €1.1 million of non-recurring expenses of the parent company relating to remote working, of €18.181 million (+6.4% compared to €17.111 million as at 30 September 2020).

The Group’s net profit at 30 September 2021 amounted to €13.843 million, with a decrease of 3.0% compared to the €14.268 million of the same period in 2020.

Consolidated net intangible assets consisting of film and audiovisual productions in progress or under amortisation amounted to €98.018 million compared to €68.057 million as at 31 December 2020. The increase is due to the development of the ongoing productions of Arctic Friends, Puffins, Tell It Like a Woman (formerly Together Now), Eddie & Sunny, State of Consciousness, Dakota, Muti and the distribution rights of the film The Good Witch of Christmas.

Shareholders’ equity amounted to €80.477 million, up by €13.437 million compared to €67.041 million as at 31 December 2020.

The consolidated net financial position as at 30 September 2021 had a balance of €29.320 million compared to €15,626 as at 31 December 2020, an increase mainly due to investments in film and audiovisual works in progress.

In light of these results, the Company confirms its development and growth forecasts for 2021.

The consolidated financial statements as at 30 September 2021 are not audited.

This press release modifies the financial calendar, which will be updated taking into account the new date of this press release. This press release is available in the “Investor Relations” section of the website https://lbmediagroup.eu/. Note also that for the dissemination of regulated information the company makes use of the 1INFO-SDIR circuit managed by Computershare S.p.A. based at Via Mascheroni 19 – 20145 Milan.