SoLocal: leaps after its semi-annual

© Reuters. SoLocal: leaps after its semi-annual

SoLocal Group (PA:LOCAL) jumped 3.8%, in the wake of the publication of a net income from continuing operations of -80 million euros in the first half, down from 379 million, primarily due to restructuring costs related to the transformation project.

The group’s recurring EBITDA of information services amounted to 70 million euros, a decline of 11.9% in annual comparison, the decline in turnover of 4.7% to 350 million being partially offset by a decrease in personnel costs.

Net financial debt amounted to eur 342 million at 30 June 2018 compared to $ 357 million a year earlier. SoLocal has the perspective for the year 2018 is a stability in recurring EBITDA, to € 170 million.

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