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Gruppo Editoriale l'Espresso SpA (ESPI.MI)

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Latest Key Developments (Source: Significant Developments)

L'Espresso FY net profit falls to EUR 10.4 mln
Monday, 27 Feb 2017 07:21am EST 

Gruppo Editoriale L'Espresso SpA : FY net profit 10.4 million euros ($11.00 million) versus 17.0 million euros a year ago . FY turnover 585.5 million euros versus 605.1 million euros a year ago .Does not propose dividend on FY 2016.  Full Article

L'Espresso unit Manzoni signs partnership agreement with ClioMakeUp
Thursday, 12 Jan 2017 04:49am EST 

Gruppo Editoriale L'Espresso SpA :Unit Manzoni signs partnership agreement with ClioMakeUp acquiring advertising as from Jan. 1, 2017, of cliomakeup.com.  Full Article

L'Espresso launches partnership with Thrive Global in Italy
Wednesday, 30 Nov 2016 09:04am EST 

Gruppo Editoriale L'Espresso SpA : Says Thrive Global is launching in partnership with Gruppo Espresso in Italy .Thrive Global is a venture that offers science-based solutions to lower stress and burnout, and enhance well-being and productivity.  Full Article

Gruppo Editoriale L'Espresso Q3 net profit falls to EUR 1.9 mln
Wednesday, 26 Oct 2016 07:48am EDT 

Gruppo Editoriale L'Espresso SpA : Reports Q3 net profit 1.9 million euros ($2.07 million) versus 2.5 million euros a year ago . Q3 revenue 131.4 million euros versus 133.9 million euros a year ago .Says it is reasonable to believe that the group will achieve FY net profit, excluding non-recurring items, in line with the previous fiscal year.  Full Article

L'Espresso sells 71 pct stake in publisher of "Alto Adige" and "Trentino"
Wednesday, 12 Oct 2016 10:43am EDT 

Gruppo Editoriale L'Espresso SpA : Agreement has been reached for the sale by Finegil of its entire 71 percent interest that it holds in Seta SpA, publisher of "Alto Adige" and "Trentino", to Athesia SpA . Athesia is part of the group that controls the daily newspaper Dolomiten .Deal is part of a deconsolidation plan to comply with the circulation thresholds in view of future merger with La Stampa and Il Secolo XIX.  Full Article

Italy's CIR and Fiat Chrysler sign deal for new publishing group
Monday, 1 Aug 2016 02:43am EDT 

Carmaker Fiat Chrysler Automobiles, Italian group CIR and L'espresso say: signed framework agreement for the merger of their controlled publishing businesses, following a memorandum of understanding dated March 2 . CIR, main investor in Italian publishing group L'Espresso, will hold 43.4 percent of the group created through the combination of L'Espresso and Itedi . agreement also signed by Perrone family holding Ital Press, which will own 4.37 of new group . Fiat will initially own 14.6 percent of the merged group but will then distribute its entire stake, with Agnelli family holding Exor acquiring 4.3 percent .CIR will be granted the right to appoint Chairman and CEO of new group.  Full Article

Gruppo Editoriale L'espresso sees FY 2016 net result, excluding non-recurring items, in line with previous year
Wednesday, 27 Jul 2016 07:47am EDT 

Gruppo Editoriale L'espresso Spa :Says group should be able to achieve FY 2016 net result, excluding non-recurring items, in line with previous year.  Full Article

Gruppo Editoriale l'Espresso H1 net profit falls EUR 12.1 mln
Wednesday, 27 Jul 2016 07:43am EDT 

Gruppo Editoriale L'Espresso SpA : H1 net profit 12.1 million euros ($13.30 million) versus 22.1 million euros a year ago .H1 revenue 292.9 million euros versus 305.7 million euros a year ago.  Full Article

Gruppo Editoriale l'Espresso SpA signs with Itedi a memorandum of understanding for the merger by incorporation of ITEDI with Gruppo Editoriale L'Espresso
Wednesday, 2 Mar 2016 12:27pm EST 

Gruppo Editoriale l'Espresso SpA:Signs with Itedi a memorandum of understanding for the merger by incorporation of ITEDI with Gruppo Editoriale L'Espresso.Itedi Italiana Editrice is a company controlled for 7 percent by Fiat Chrysler Automobiles and for 23 percent by Ital Press Holding (Perrone family) and publishes the daily newspapers La Stampa and Il Secolo XIX.The merger will take place according to an exchange of shares that will be established precisely in the final agreements, subject to due diligence and other conditions.On the outcome of the deal, CIR will remain the controlling shareholder, with an interest of over 40 percent in Gruppo Editoriale L'Espresso.The company resulting from the merger will continue to be listed on Borsa Italiana.The various titles will maintain their full editorial independence.Completion of the merger is expected to take place in the first quarter of 2017.  Full Article

Gruppo Editoriale l'Espresso SpA unit to manage advertising collection for Il Foglio
Tuesday, 2 Feb 2016 07:00pm EST 

Gruppo Editoriale l'Espresso SpA:The advertising collection unit Manzoni of Gruppo Editoriale l'Espresso (Espresso Group), a CIR Compagnie Industriali Riunite unit​, will manage the advertising collection for the newspaper Il Foglio.  Full Article

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BRIEF-L'Espresso FY net profit falls to EUR 10.4 mln

* FY net profit 10.4 million euros ($11.00 million) versus 17.0 million euros a year ago