SEIF SPA Approves Consolidated Half-Year Financial Report for 2024

Società Editoriale Il Fatto S.p.A. (SEIF), a prominent media content provider, has released its consolidated financial results for the first half of 2024. The Board of Directors approved the report on September 30, 2024, showcasing an upward trend in key economic indicators.

Revenues rose to €15,455 thousand, a 6.5% increase over the same period last year. EBITDA also saw a rise, reaching €1,417 thousand compared to €1,205 thousand in 2023. However, extraordinary items impacted net results, remaining roughly the same as last year at a loss of €1,135 thousand.

The company continues to invest in digital and technological innovation, which has driven an 8.53% growth in publishing sector revenues. Conversely, advertising revenues fell by 12.41%. Significant efforts are being made to recover margins in the second half of the year.

Despite increased net financial indebtedness to €3,387 thousand from €3,117 thousand at the end of 2023, the company remains focused on expanding digital subscriptions and technological advancements.