(Alliance News) - Mondo TV Suisse SA announced Monday that it reported sales and service revenues of about CHF1.3 million in the year ended Dec. 31, 2022 from CHF1.1 million in 2021. The figures are EUR1.3 million from EUR1.1 million in 2021, an increase of 18 percent from the previous year.

Ebitda amounts to CHF300,000 to EUR300,000 compared to an Ebitda of CHF300,000 in 2021, basically in line. Ebit was also in line with the same period in the previous year and amounted to EUR100,000.

Net income is CHF33,000 - EUR33,000 - compared to net income of CHF32,000 in 2021.

Net financial position is CHF483,000 - EUR483,000 - of debt compared to CHF36,000 of cash as of December 31, 2021.

Looking ahead, "Margins are expected to improve in 2023 due to the sales of rights related to the animated series in the portfolio and the licensing exploitation of Grisu and the group's other series, with 2023 revenues expected at CHF1.2 million - EUR1.2 million - and Ebit at CHF400,000 and net income at CHF300,000."

Mondo TV Suisse closed Monday down 6.5 percent to EUR0.43 per share.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.