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MFE-MediaForEurope falls amid energy crisis

September 28, 2022 11.41 Europe/London By Julian Clover

MFE-MediaForEurope has reported a 44% drop in first half profits as the commercial TV group was battered by the energy emergency and a fall in consumer confidence.

The former Mediaset maintains its dominant position in the Italian (40%) and Spanish TV markets (57%) and its sales arm was at least able to maintain sales of €976.4 million, close to 2021 levels.

Its operating result (EBIT) of €112.0 million, compared with €198.7 million in the
same period of 2021.

Italian costs in particular took 10% from the bottom line as the Berlusconi-owned company grappled with rising energy costs.

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Filed Under: Newsline Edited: 28 September 2022 16:54

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on Twitter @julianclover, on Facebook or by email at jclover@broadbandtvnews.com.

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