Earnings: Buongiorno 2006 Revenues Up 41 Percent
Italian mobile content provider Buongiorno has released its draft report for 2006. It shows that consolidated revenues for 2006 reached 191.8 million euros (US$253 million), a 41 percent increase compared to 2005. EBITDA increased by 93 percent year-on-year to 23.7 million euros, and net profit for 2006 was 12.3 million euros (US$16.2 million), an increase of 138 percent compared to 2005. The company said it sold 1.4 billion digital objects in 2006 (in 2005 the figure was 623 million) to over 60 million paying customers. “Group revenue distribution is well balanced among geographical areas. Revenue growth was driven by the United States, where revenues more than doubled from Euro 17.9 million in 2005 to Euro 59.1 million in 2006. The Iberian Peninsula and South America also contributed with 13% growth. Revenues in central Europe also increased about 22% year-on-year, boosted by acquisitions made in the second half of 2005; in northern Europe, while Consumer Services grew significantly, Marketing Services were downsized, especially the CD Premium segment, in accordance with the Industrial Plan, leading to about 7% contraction overall in revenues in the region.”
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