SEAT Pagine Gialle Group Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
For the nine months, the company reported revenues from sales and services of EUR 281.6 million compared to EUR 307.0 million a year ago. Gross operating profit was EUR 44.0 million compared to EUR 64.1 million a year ago. Operating income before amortisation, depreciation, non-recurring and restructuring costs, net was EUR 29.8 million compared to EUR 40.7 million a year ago. Operating loss was EUR 9.9 million compared to operating income of EUR 2.3 million a year ago. Loss before income taxes was EUR 13.5 million compared to EUR 98.7 million a year ago. Loss on continuing operations was EUR 12.6 million compared to EUR 103.2 million a year ago. Loss for the period of which pertaining to the Group was EUR 12.4 million compared to EUR 108.8 million a year ago. Net financial debt as at September 30, 2015 was EUR 106.2 million compared to EUR 71.4 million a year ago. Capital expenditure was EUR 19.9 million compared to EUR 19.4 million a year ago. Operating free cash flow was EUR 2.6 million compared to EUR 8.1 million a year ago. REVENUES and EBITDA normalized amounted to EUR 273.0 million and EUR 21.7 million, down 10.8% and 46.7% compared to the first nine months of 2014 assuming the same number of published directories.