MONDO TV GROUP: The Board of Directors reviews the preliminary results of the parent company Mondo Tv S.p.A. as of 31.12.2016

MONDO TV GROUP: The Board of Directors reviews the preliminary results of the parent company Mondo Tv S.p.A. as of 31.12.2016

Parent company's preliminary results higher than expected:

- Value of Production at Euro 25 million, increasing of 67% compared to Euro 15 million in 2015
- Ebitda at around Euro 18.5 million increasing of 160% compared to Euro 7 million in 2015
- Ebit at around Euro 12 million increasing of 140% compared to Euro 5 million in 2015
- Net Profit at approximately Euro 8 million compared to 3 million in 2015 (166% increase) with strong increase in profitability: net profit 2016 is 32% of the value of production (20% in 2015)
- Net Financial Position at approximately Euro 2.3 million of availabilities compared to a net debt of Euro 0.2 million as of December the 31st, 2015
- Net equity is approximately Euro 54 million with an increase of Euro 15 million compared to Euro 39 million euro as of December 31, 2015.

The management confirms a very positive 2017 in growth compared to 2016

In 2017 it has been planned the start of joint ventures in Asia for the development of the toy and ancillary sectors

Matteo Corradi: "We are very happy for the results that we reached in 2016; we have put the basis for a strong growth in the next years."

18 January 2017:The Board of Directors of Mondo TV S.p.A. - parent company of a Group working in the production and distribution of cartoons for TV and the cinema - today reviewed the preliminary results for the financial period as of December 31, 2016. The value of production is approximately euro 25 million, increasing of 67% compared to 2015 due to the larger volume of library sales, in particular in China, and for the increased volume of international productions.
EBITDA is at approximately euro 18.5 million, more than doubled compared to euro 7 million in 2015.
After amortizations and depreciations for euro 6.5 million, EBIT is at euro 12 million, growing of 140% respect to euro 5 million in 2015 by virtue of the increase of the revenues and the limitations to structure and production costs.
The net profit, by virtue of the considerable revenues increase, is at approximately euro 8 million euro, in notable increase compared to the net profit in 2015 which was euro 3 million, with strong increase in profitability: net profit 2016 is 32% of the value of production (20% in 2015).
The Net Financial Position is positive at approximately euro 2.3 million, improving compared to a net debt of euro 0.2 million as of December 31, 2015.
Net equity is approximately at euro 54 million with an increase of euro 15 million compared to euro 39 million euro as of December 31, 2015.

The management confirms a very positive 2017 in growth compared to 2016, and is planning in 2017 the start of joint ventures in Asia for the development of the toy and ancillary sectors.

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It is highlighted that the preliminary results represent the best currently available representation of the results of the Mondo Tv S.p.A, which may be subject to variation upon approval of the draft balance sheet as of 31 December 2016.
The referenced preliminary results were not audited.