2023

The multi-platinum band THIRTY SECONDS TO MARS has released their new single “STUCK” via Concord Records (listen here). This is the first single from the new album “It’s The End Of The World But It’s A Beautiful Day”, due out this September. A dynamic song that lays the foundations for the new musical era of the brothers Jared and Shannon Leto, five years after the release of their last recording project.

The single is accompanied by an extraordinary music video directed by Jared Leto himself, a true celebration of human form, design, high fashion, art and dance.
Speaking about the video, Jared Leto said: “Thanks to my incredibly creative mother, my brother and I were instilled with a love for art and photography from a very young age. The video for STUCK, our first new song in five years, is a love letter to some of my favourite photographers. Artists who made a very deep impact on me like Richard Avedon, Irving Penn, Robert Mapplethorpe, Diane Arbus, Herb Ritts and more. Artists whose work changed the way I saw things and showed me new possibilities at every turn.
The video for STUCK is very much a companion piece and a continuation of a journey started with “Up In The Air”, a celebration of art, design, fashion, and the remarkable people who bring them to life. It is a love letter to the power of movement and connection, a testament to the awe-inspiring potential of people who don’t necessarily fit so neatly in – but make the world so much more fascinating. I would like to express my immense gratitude to everyone involved. From the incredibly talented artists and designers to the behind-the-scenes team. All who worked so hard to make it all possible. Your contributions have made this experience an absolutely unforgettable adventure and helped to capture and celebrate the essence of what makes us all unique and exceptional.”

The attention to high fashion is reflected in the wonderful looks of the FW23 and innovative designer clothes like Gucci, Ann Demeulemeester, Balmain, Maison Margiela, Raf Simons, Rick Owens, and Jean Paul Gaultier, among others.
Full of energy, the video also stars an incredibly unique cast that interprets the song with movement, metaphors and action. 

The new single and video come just days after Jared’s participation in the “biggest fashion night”, his fifth appearance at the Met Gala.
Jared attended the themed night “Karl Lagerfeld: A Line of Beauty” paying tribute to the iconic designer who died a few years ago wearing a fun costume on the red carpet depicting Karl’s beloved cat (Choupette). After grabbing everyone’s attention, he then showed off a second Lagerfeld look.

In “Stuck” the ethereal voice and guitar of the charismatic frontman Jared Leto quickly explodes into grittier and more aggressive bass, with sounds that perfectly capture the chaotic on-again, off-again relationship the song expresses.
“I wrote it from the perspective of a narrator who simply can’t help himself from plunging headfirst into what will likely be a doomed romance,” Jared says of the song (“The more I drift, the closer I get to you / She’s a ghost, and the truth it’s impossible / But I love her lies”. “It’s about knowing you need to get out but simply being unable to, whether that’s from fear or comfort or confusion, hence being ‘Stuck.’”

THIRTY SECONDS TO MARS’ sixth studio album, “IT’S THE END OF THE WORLD BUT IT’S A BEAUTIFUL DAY”, will be released in September.
Exactly five years after the release of their chart-topping album “America”, the band is releasing new music like never before.
Throughout their prolific career, THIRTY SECONDS TO MARS have continually redefined their creative boundaries to push in new directions and evolve. Now, the new goal is to be simple and concise – no songs longer than three and a half minutes – placing a lot of emphasis on Jared’s expressive vocals.

In late May, THIRTY SECONDS TO MARS will take to the main stage of BBC Radio 1’s Big Weekend and in August the band will perform for the third time on stage at the Lollapalooza Festival, where they haven’t performed since 2006. Continuing in the wake of their live shows, THIRTY SECONDS TO MARS will also perform at the When We Were Young Festival in Las Vegas in October, which has already sold out.
More dates will be announced soon.

Jared and Shannon Leto will meet the public in the second half of September in a special online event organised in collaboration with Mondadori Store, the largest network of bookstores in Italy, and Virgin Radio, which has always supported the band and of which Jared Leto is a Rock Ambassador: by pre-ordering THE album “IT’S THE END OF THE WORLD BUT IT’S A BEAUTIFUL DAY” on CD or vinyl, you’ll be able to participate in an unforgettable chat on Zoom with the band, moderated by a Virgin Radio talent, where some lucky fans will also be able to participate directly. You’ll be able to pre-order the new album on mondadoristore.it until the day of release.
All the information on how to participate is on mondadoristore.it. and on virginradio.it.

IT’S THE END OF THE WORLD BUT IT’S A BEAUTIFUL DAY TRACK LIST

1. Stuck
2. Life is Beautiful
3. Seasons
4. Get Up Kid
5. Love These Days
6. World On Fire
7. 7 to 1
8. Never Not Love You
9. Midnight Prayer
10. Lost These Days
11. Avalanche

From Saturday May 6, the MONDADORI BOOKSTORE I MA chain, a new contemporary and environmentally-friendly concept inspired by Japan, will also open in Grosseto, at the Aurelia Antica Shopping Center.

The curvy, tree-shaped, wooden and marine poplar furniture, along with the recycled iron furnishings, sanseveria and bonsai plants decorating the store’s 250 square-meter surface characterise the new bookstore of this innovative project of the Italian publishing context.

The formula, already successfully tested in Turin, Cagliari, Catania, Udine and Salerno, combines culture and respect for the environment, to simultaneously create an environmentally-friendly and multimedia location where to nourish and regenerate the mind according to the Japanese MA philosophy from which it takes its name.

“Surrounded” by books, visitors will be able to explore the over 45 thousand titles available or browse for information on the multimedia totems and seek the advice of expert booksellers while enjoying an immersive and relaxing experience.

Moreover, a large coworking section, which can be transformed into an event area whenever needed, is also available to guests for literary and musical encounters, book signings and labs for adults and children. A special area will also be dedicated to children with educational resources, games and furnishings thought around their needs and designed to stimulate their creativity.

And again: a snack bar, the MACafé, developed in partnership with NUAN, will allow visitors to taste and savour fine blends of teas, herbal infusions, coffees or local wines; a corner will also be dedicated to music with a wide selection of records and CDs, and a gallery will be set up to host the works and photographic perspectives of local and national artists, starting with the Sensitivity collection, Mattia Valdes’ solo exhibition especially prepared for May 6’s inauguration.

“Having a bookstore in the shopping centre was one of 2023’s main goals – states Stefania Ricci, owner of the Aurelia Antica Shopping Centre. An innovative and relaxing environment will further make one’s experience in the gallery more pleasant. The MONDADORI BOOKSTORE | MA’s style – she continues – is perfectly in line with Aurelia Antica’s mission, that of being a meeting place for all family members. This new space enhances the offer with a truly innovative offer: one can relax while reading a good book or participate in meetings and events, while children can discover the world of books in a space specifically designed around them.”

“The warmth expressed by the city and centre fills us with joy” comments Giuseppe Messina, Managing Director of the MA book lifestyle group. “Many people wrote asking about the opening date and we also received several partnership requests: a tangible sign of welcome and integration which makes us proud of this project. Thanks to the inauguration of this new store in Grosseto, the sixth over the last few months – continues Messina -, we will pursue our mission of creating growth and employment in this sector in partnership with Mondadori Retail. We believe culture has the power of driving local development – he concludes – and hope to gradually and increasingly become a place of aggregation created around the communities we will cross through our innovative offer and the feedback we’ll receive from readers.”

Today, the meeting of the Board of Directors of Arnoldo Mondadori Editore S.p.A., chaired by Marina Berlusconi, reviewed and approved the Interim Management Statement at 31 March 2023 presented by CEO Antonio Porro.

1ST QUARTER 2023 HIGHLIGHTS

The first quarter of the current year was characterised by a positive trend in the book market which, following a consolidation phase experienced in 2022, recorded renewed growth with an increase in both value (+3%) and volume (+0.8%)[1].

“During this first quarter of 2023, the Mondadori Group recorded a significant improvement in profitability-  taking into account the seasonal nature of the schoolbook business – thanks to the positive performance of revenues and an increasingly careful approach to operative management. The excellent start to the year for the book market, the slight fall in the prices of raw materials and services, and the company’s performance allow us to confirm our estimates for the year, with revenues and Adjusted EBITDA growing by a single-digit and margins expected to be around 15%,” emphasised Antonio Porro, Chief Executive Officer of the Mondadori Group.

PERFORMANCE AT 31 MARCH 2023

Consolidated revenue in the first quarter of 2023 amounted to € 160 million, up by approximately 4.5% compared to € 153.1 million in the previous year. Net of changes in scope occurring between the two periods, the organic change in growth amounted to +3.6%.

Adjusted EBITDA came to € 4.4 million, showing a significant increase on the € -1.1 million of the first quarter 2022: both the growth in revenues, in particular of the Trade Books and Retail areas, and the consolidation of the results of the companies only recently acquired, contributed to the Group’s positive results.

The Group’s EBITDA came to € 4.7 million compared to € -0.7 million in the first quarter of 2022, an improvement of almost € 5.5 million, traceable to the favourable dynamics of the above management components.

EBIT is negative for € 8.2 million, showing an improvement of € 4 million on 2022, thanks to the positive operating performance of the businesses, despite the booking of € 1 million for greater amortisation/depreciation deriving from investments, from the consolidation of newly-acquired companies and the accounting effects of the Purchase Price Allocation process (PPA).

Excluding the extraordinary components and the impacts deriving from the PPA process relative to the companies acquired in the last 2 years (€ 1.2 million), Adjusted EBIT came to € -7.2 million, up € 4.5 million on the same quarter of the previous year.

The consolidated result before tax is negative for € 8.8 million, an improvement of approximately € 5.6 million on the € -14.4 million in first quarter 2022, thanks to:

• a reduction in finance expenses (€ 1.2 million as at 31 March 2022) despite a higher average cost of debt, thanks to the reduced expenses deriving from the application of IFRS 16, as a result of the new rental contract for the Segrate head office;
• an improvement in the result of the subsidiaries for € 1.4 million, deriving in particular from the update of the fair value measurement of the equity investment in the company A.L.I..

It is recalled that after the end of the first quarter, the 18.45% equity investment held in the share capital of Società Europea di Edizioni, publisher of Il Giornale, was sold.

At 31 March 2023, the Group’s net loss, after minority interests, came to € 5.2 million, showing a sharp increase of approximately € 6 million versus the € -11.4 million recorded in Q1 2022.
Mention should be made that in the first quarter of the year, a net loss is recorded at a consolidated level, due to the seasonal nature of the school textbooks business.

The IFRS 16 Net Financial Position came to € -220.8 million, essentially stable on the € -217.4 million recorded at 31 March 2022, including an IFRS 16 component of € -70.1 million.
The Pre-IFRS 16 Net Financial Position came to approximately € -150.7 million, slightly up on the € -135.8 million of 31 March 2022 due to the cash-out relative to acquisitions made during the last twelve months and the distribution of dividends.

Cash flow from ordinary operations (after outlays for financial expense and tax) in the last 12 months, amounted to € 63 million and allows the Group to continue to strengthen its financial structure. Note that ordinary cash generation was impacted as follows:

• the improvement in the business income management, partly temporarily offset by the dynamics of working capital;
• the lower tax payments for approximately € 3 million, mainly deriving from realignments and tax redemption applied during previous years.

At 31 March 2023, cash flow from extraordinary operations of the previous 12 months came to a negative € 61.5 million, mostly due to cash out for restructuring costs of € 7.2 million and for the net balance of acquisitions and disposals of approximately € 47 million.
Consequently, the LTM Free Cash Flow as at 31.03.2023 was positive by € 1.5 million, demonstrating the Group’s ability to finance its inorganic growth policy and to remunerate its shareholders.

Group employees at 31 March 2023 amounted to 1,911 units, up by approximately 1.5% versus 1,883 resources at 31 March 2022 (+28). Neutralising the effects of all the changes in scope applied, namely the acquisitions of De Agostini Libri, Star Comics and A.L.I. and the disposals of newspapers and business in the Media area, the Group’s workforce would show an increase of 0.9%.

OUTLOOK FOR THE YEAR

In light of the results achieved during the first quarter and a more favourable scenario in respect of the outlook for raw materials and service prices, with reference to the current scope, the Group believes it can now confirm the forecasts released previously for FY 2023.

Income Statement:

• Single-digit growth in revenues and adjusted EBITDA with margins expected to be in the region of 15%;
• approximately 10% growth in the net result, despite the greater amortisation/depreciation deriving from both the increasing investment policy implemented by the Group and the effects of the Purchase Price Allocation process relative to the recently-acquired companies.

Cash Flow and Net Financial Position:

• Ordinary Cash Flow is expected to fall within a range of € 60 to 65 million, showing growth of up to 10% on the 2022 figure (which had come to approximately € 60 million net of the one-off impact of derivative instruments related to rate risk hedging).
• the Group’s net financial debt (IFRS 16) is expected to come in, at end FY 2023, as 0xAdjusted EBITDA, down from 1.3x at end 2022.

The solid financial and equity position that characterises the Group allows it to continue to pursue the virtuous development path started some years ago, characterised by the progressive use of M&As whereby the Group seeks to continue to the make the most of inorganic growth opportunities, mainly in the book and digital businesses.

PERFORMANCE OF BUSINESS AREAS

• TRADE BOOKS

The first quarter of the current year was characterised by a positive trend seen on the book market that, following a consolidation experienced in 2022, recorded renewed growth with an increase in both value (+3%) and volume (+0.8%)[2].

In this context, the publishing houses in the Trade area recorded double-digit sell-out growth (+12.3%), of which 6.7% due to an increase in the volume component, thanks in particular to the performance in January and February by the new titles published at the start of the year.
Thanks to these results, the Mondadori Group has consolidated its national leadership position, with a market share which rose to 27.4% in March 2023, compared to 25.2% in March 2022.

This year, as witness to the quality of the Group’s publishing plan, two titles from the Group’s publishing houses ranked in the top two places of the ten best-selling books by value[3]: Prince Harry’s biography ‘Spare. Il minore‘, published by Mondadori, and ‘La vita intima’ by Niccolò Ammaniti, published by Einaudi.

Q1 2023 revenues came to € 88.3 million, showing growth of 29.5% on last year, structured as follows:

• +25% in the publishing houses, also due to the companies acquired, which contributed approximately € 8 million in the period; net of discontinuities, the improvement comes to 10% thanks to the concentration, in the quarter’s publishing plan, also of particularly successful titles;
• significant recovery of the museum business of Electa (+27%) and the positive international sales performance of Rizzoli International Publications (+12.5%);
• marked growth in third-party publishers distribution and services activities, which benefited from the contribution made by the consolidation of A.L.I. (whose revenues are booked as a fee[4]) and Libromania.

Adjusted EBITDA of the Trade Books area comes to € 13.2 million, up € 3.5 million, of which approximately one third comes from the positive trend of like-for-like revenues and two thirds from the contribution made by newly-acquired companies. ​
The profitability achieved by the Trade Books area is approximately 15% in the first quarter of 2023, showing improvement on the same period of 2022.

• EDUCATION BOOKS

School textbooks experience a typical seasonal performance that sees sales concentrated in the second half of the year following the adoption campaign: revenues from the first three months of the year typically account for less than 5% of the annual figure.

In this context, in the first quarter of 2023, the Group’s Education area recorded total revenues of € 8.5 million (€ 9 million in the same period of 2022) with a negative change that does not represent actual performance insofar as the result of different timing, compared to 2022, in the supply and invoicing of certain supplies.

Adjusted EBITDA comes to € -11.7 million, in line with FY 2022, due to the specified seasonality, which sees the booking during the first quarter of the operational structure costs and the costs for developing the text books marketed during the adoption campaign, which then draws to a close at the end of May.

• RETAIL

As already mentioned, at the end of March, Italy’s book market had grown by 3% compared to 2022, with +10.6% increase in the physical channel and a decline (estimated at -6%) in e-commerce.

In this context, the revenues of Mondadori Retail in the first quarter of 2023 amounted to € 41.6 million, an improvement of around 12% compared to the same period of the previous year: this was the result, in particular, of sustained growth in revenues from books (+€ 3.7 million, up by 12.8% compared to the first quarter of 2022).
Thanks to this overperformance, deriving from the excellent performance of physical shops, Mondadori Retail’s market share came to 11.7% (+0.9% compared to 31 March 2022).

An analysis of sales in the physical channel shows a further increase in revenues from directly-managed bookstores (+21.1% compared to the same period in the previous year) and franchisee bookstores (+9.5% compared to the first quarter of the previous year);

Adjusted EBITDA in the Retail area was positive, amounting to € 1.7 million, and showed a significant increase (+€ 1.4 million compared to the first three months of 2022), thanks to the continuous development and renovation work on existing shops and focus on the core business of books.

• MEDIA

In Q1 2023, the Media area recorded revenue of approximately € 32.3 million, dropping by approximately 31% versus the same period of the prior year, which reduced to approximately 8.5% on a like-for-like basis (excluding the effect of the deconsolidation of the titles sold at the start of 2023 and the distribution activities of Press-di).

In particular, the two area components showed different trends. On a like-for-like basis:

• digital activities, which account for more than a third of the area’s total revenue, showed growth in advertising revenue of 7%;
• traditional print activities were down by approximately 15%.

Adjusted EBITDA for the Media area came to € 2.9 million, showing growth of approximately 42% compared with the previous year, mainly due to traditional businesses. Specifically:

• in the print area, the increase stems from the booking of a tax credit by way of relief on costs incurred by the publisher for the distribution of magazines (€ 2.8 million), which more than offset the higher input costs for the period and the lower margin from the sales of collateral items;
• in the digital area, adjusted EBITDA is essentially stable on the same quarter of the previous year, thanks to higher advertising revenue and despite the higher costs incurred for launching new initiatives tied to the influencer marketing segment.

START OF SHARE BUYBACK PROGRAM TO SERVICE THE 2022-2024, 2021-2023 AND 2020-2022 SHARE PERFORMANCE PLANS

The Board of Directors of Arnoldo Mondadori Editore S.p.A. approved the start of a share buyback program, under Article 5 of Regulation (EU) no. 596/2014, to be executed in accordance with the terms and conditions, already disclosed to the public, resolved by the Ordinary Shareholders’ Meeting of 27 April 2023 which, among other things, authorized:

• the purchase and disposal of treasury shares for a maximum amount of up to 0.357% of the share capital, which is intended to provide the Company with the no. 933,548 shares required over the three-year period to meet the obligations under the 2023-2025 Performance Share Plan established by the same Shareholders’ Meeting, pursuant to Article 114-bis of the TUF;
• the continuation of the buyback program to service the 2021-2023 Performance Share Plan and the 2022-2024 Performance Share Plan in the manners and within the limits set out in the relevant Regulations.

Pursuant to Delegated Regulation (EU) 2016/1052, details of the buyback program are shown below:

• Purpose of the plan
  The sole purpose of the program is the buyback of Arnoldo Mondadori Editore S.p.A. treasury shares to service the 2023-2025 Performance Share Plan, the 2022-2024 Performance Share Plan and the 2021-2023 Performance Share Plan.
• Maximum amount in cash allocated to the program
  Buybacks will be made at a minimum unit price not lower than the official Stock Exchange price on the day before the purchase transaction, reduced by 20%, and at a maximum unit price not higher than the official Stock Exchange price on the day before the purchase transaction, increased by 10%. The volumes and unit purchase prices will, however, be defined in accordance with the conditions governed by Article 3 of EU Delegated Regulation 2016/1052. Specifically, no shares may be purchased at a price higher than the higher between the price of the last independent trade and the price of the highest current independent bid on the trading venue where the purchase is carried out. In terms of volumes, daily purchase amounts will not exceed 25% of the daily average volume of Mondadori shares traded over the 20 trading days before the dates of purchase.
• Maximum number of shares to purchase
  Purchases will regard a maximum of no. 591,000 ordinary shares (equal to 0.22%) of the share capital, taking account of the treasury shares already held in the Company’s portfolio, to service the 2023-2025 Performance Share Plan, the 2022-2024 Performance Share Plan and the 2021-2023 Performance Share Plan, in the manners and within the limits set out in the relevant Regulations.
  The maximum total amount of shares under the program is therefore within the limits of 10% of the share capital indicated by the Shareholders’ Meeting of 28 April 2022, taking account also of the no. 1,147,991 treasury shares, equal to 0.440% of the share capital, already held by the Company to date.
• Duration of the program
  The buyback program may start on 5 June 2023. The conclusion of the program, in any case by the Shareholders’ Meeting convened to approve the financial statements at 31 December 2023, the date on which authorisation to purchase treasury shares resolved by the Shareholders’ Meeting of 27 April 2023, expires, will be disclosed to the market.
  The buyback program may be renewed upon further authorization by the shareholders.
• Buyback procedures
  The buyback program will be coordinated and executed by an authorized intermediary, who will make the purchases independently, with no influence from Arnoldo Mondadori Editore S.p.A. as regards the timing of the purchases.
  Buybacks will be made pursuant to the combined provisions of Article 132 of Legislative Decree no. 58/1998 and of Article 5 of Regulation (EU) 596/2014, Article 144-bis of the Issuer Regulation, and the EU and national legislation on market abuse (including Delegated Regulation (EU) 2016/1052), in accordance with the resolutions of the above Shareholders’ Meeting of 28 April 2022.
  Any subsequent changes to the buyback program will be promptly disclosed by the Company. The transactions made will be disclosed to the market in the manners and within the time limits of applicable law.
  For information on the above Performance Share Plans, reference should be made to the information documents prepared pursuant to Article 114-bis of Legislative Decree no. 58/1998 and to Article 84-bis of CONSOB Regulation no. 1197/1999 and available on the website www.mondadorigroup.com ( Governance section) and at the authorized storage mechanism 1Info (www.1Info.it).

2023-2025 PERFORMANCE SHARE PLAN: ASSIGNMENT OF RIGHTS

The Board of Directors, having heard the Remuneration Committee, resolved on the assignments to the beneficiaries of the rights relating to the 2023-2025 Performance Share Plan, established by resolution of the Shareholders’ Meeting of 27 April 2023.
Information regarding the beneficiaries and the number of rights assigned are shown – by name, for the beneficiaries who are members of the Board of Directors, and in aggregate form for the other beneficiaries – in the table attached, prepared in compliance with Box 1, Schedule no. 7 of Annex 3A of the Issuer Regulation. The terms and conditions of the Plan are set out in the Directors’ Explanatory Report to the Shareholders’ Meeting of 27 April 2023 and in the Information Document prepared pursuant to Article 84-bis, paragraph 1 of the Issuer Regulation, available on the website www.mondadorigroup.com Governance section and on the storage mechanism www.1info.it to the contents of which reference should be made.

PUBLICATION OF THE MINUTES OF THE SHAREHOLDERS’ MEETING

Arnoldo Mondadori Editore S.p.A. informs that the minutes of the Ordinary Shareholders’ Meeting held on 27 April 2023 are available on the authorised storage mechanism 1Info (www.1info.it), in the Governance section of the Company website www.mondadorigroup.com and at the Company’s registered office.

The Interim Management Statement at 31 March 2023 is made available by today through the authorised storage mechanism 1Info (www.1Info.it), on www.mondadorigroup.com (Investors section) and at the registered office.

The presentation of the results at 31 March 2023, approved today by the Board of Directors, is available on 1Info ( www.1info.it), on www.borsaitaliana.it and on www.mondadorigroup.com (Investors section). A Q&A session will be held in conference call mode at 4.00 pm for the financial community, attended by the CEO of the Mondadori Group, Antonio Porro, and the CFO, Alessandro Franzosi. Journalists will be able to follow the meeting in listening mode, by connecting to the following phone number +39.02.8020927 or via web at:  https://hditalia.choruscall.com/?calltype=2&info=company.

The Financial Reporting Manager – Alessandro Franzosi – hereby declares, pursuant to Article 154 bis, paragraph 2, of the Consolidated Finance Law, that the accounting information contained herein corresponds to the Company’s records, books and accounting entries.

[1]Source: GFK, March 2023 (Week 13)

[2] GFK, March 2023 (Week 13)

[3] GFK, March 2023 (ranking in terms of cover value)

[4] In accordance with IFRS15

Annexes (in the complete pdf):

1. Consolidated balance sheet;
2. Consolidated income statement;
3. Group cash flow;
4. Glossary of terms and alternative performance measures used.

Information pursuant to Schedule 7 of Annex 3a to CONSOB Regulation no. 11971/199

Diodato, one of the most appreciated and award winning artists of Italian music, was awarded the Telegatto, the popular recognition of the entertainment world,  from TV Sorrisi e Canzoni.

The special showcase – presented as the final event of Design Week – took place on Sunday, April 23, in the fully packed Aula Magna Hall of the University of Studies of Milan, together with “Design Re-Evolution’s” interior decoration exhibition-event, which was open to the public since April 26.

The Telegatto was awarded to Diodato by Tv Sorrisi e Canzoni’s Director, Aldo Vitali, to celebrate the “first 10 years of its recording début: years of very successful, original and heartfelt music and for the incredibly strong emotions conveyed by the “Fai Rumore” song which turned into a ‘never give up’ motto for many.”

The singer-songwriter – with his four unreleased albums under his belt – performed in a special showcase, singing some of his most popular songs to TV Sorrisi e Canzoni’s audience, including Adesso, Fai Rumore, Che vita meravigliosa and two new songs taken from the “Così Speciale” album: Così speciale and Occhiali da sole.

Today, the Shareholders’ Meeting of Arnoldo Mondadori Editore S.p.A., chaired by Marina Berlusconi, approved the financial statements for the financial year ended 31 December 2022.

The Group’s Chief Executive Officer, Antonio Porro, presented the key separate and consolidated figures for 2022, as disclosed to the market last 16 March.

The results achieved by the Group exceeded expectations, with both revenues and margins showing double-digit growth. Net profit, after minority interests, amounted to € 52.1 million, up 17.8% versus € 44.2 million in 2021. The Parent Company’s financial statements at 31 December 2022 show the same net profit as in the consolidated financial statements, due to the fact that the Company has chosen to use the equity method to measure its investments in the separate financial statements.

Today’s Shareholders’ Meeting, in accordance with the proposal of the Board of Directors of 16 March 2023, which has already been the subject of disclosure, resolved to distribute a unit dividend of € 0.11 for each ordinary share (net of treasury shares) outstanding at the record date, for a total of approximately € 28.7 million,^[1] up by almost 30% compared with the previous year: this amount corresponds to a pay-out of 55% of the net profit for 2022.
The dividend will be paid, in accordance with the provisions of the “Regulation of the markets organized and managed by Borsa Italiana S.p.A.”, from 24 May 2023 (payment date), with ex-coupon (No. 22) date on 22 May 2023 (ex date), and with the date of entitlement to payment of the dividend, pursuant to Article 83-terdecies of the TUF (record date), on 23 May 2023.

The Shareholders’ Meeting resolved also on the following additional items on the agenda:

Report on remuneration policy and compensation paid

Pursuant to Article 123-ter of Legislative Decree No. 58/1998, the Shareholders’ Meeting, by means of a binding resolution, approved Section One of the Report on Remuneration Policy and Compensation Paid. The Shareholders’ Meeting also voted in favour of Section Two of the Report.

Renewal of the authorization to purchase and sell treasury shares

Following expiry of the term relating to the previous authorization resolved on 28 April 2022, the Shareholders’ Meeting renewed the authorization to purchase and dispose of treasury shares with the aim of retaining for the Board of Directors the applicability of law provisions in the matter of any additional purchase plans and, consequently, of seizing any investment and operational opportunities involving treasury shares.
To date, Arnoldo Mondadori Editore S.p.A. holds a total of No. 1,147,991 treasury shares, equal to 0.44% of the share capital.
Here below is the information provided on the authorization issued by the Meeting, also with reference to the provisions of Article 144-bis of the Issuers’ Regulation No. 11971/1999.

Motivations

The motivations underlying the request for the authorization to purchase and sell treasury shares refer to the opportunity to attribute to the Board of Directors the power to:

• use the treasury shares purchased or already in the Company portfolio as compensation for the acquisition of interests within the framework of the Company’s investments;
• use the treasury shares purchased or already held in the portfolio against the exercise of option rights, including conversion rights, deriving from financial instruments issued by the Company, its subsidiaries or third parties and to use the treasury shares for lending, exchange or transfer transactions or to support extraordinary transactions on the Company’s capital or financing transactions that imply the transfer or sale of treasury shares;
• undertake any investments, directly or through intermediaries, including for the purpose of containing abnormal movements in share prices, stabilizing share trading and prices, supporting the liquidity of the share on the market, in order to foster the regular conduct of trading beyond normal fluctuations related to market performance, without prejudice in any case to compliance with applicable statutory provisions;
• rely on investment or divestment opportunities, if considered strategic by the Board of Directors, also in relation to available liquidity;
• dispose of treasury shares to service incentive plans based on financial instruments set up pursuant to Article 114-bis of the TUF, and plans for the free allocation of shares to employees or members of the governing bodies of the Company or to Shareholders.

Duration

The authorization to purchase treasury shares is set to last until the approval of the financial statements for the year ending 31 December 2023 and, in any case, for a period not exceeding 18 months after the Shareholders’ Meeting resolution, while the authorization to sell is granted to last for an unlimited period, given the absence of restrictions pursuant to the regulatory provisions in force and the opportunity to allow the Board of Directors to make use of the maximum flexibility, also in terms of time, to carry out the acts of disposal of the shares.

Maximum number of purchasable treasury shares

The authorization allows the purchase, including in more than one tranche, of ordinary shares of Arnoldo Mondadori Editore S.p.A., with a par value of € 0.26 each, on one or more occasions, in an amount freely determinable by the Board of Directors, up to a maximum number of shares – also taking into account the ordinary shares held, directly and indirectly, in the portfolio each time – of no more than 10% overall of the share capital.

Terms for purchasing treasury shares and indication of the minimum and maximum purchasing cap

Purchases shall be made in compliance with Articles 132 of the TUF and 144-bis, paragraph 1 letters b) and d-ter) of the Issuers’ Regulation and, therefore: (i) on regulated markets or multilateral trading facilities, according to the operating terms established in the organization and management regulations of the same markets, which do not allow the direct matching of buying trading proposals with pre-determined sale trading proposals, and also in compliance with any other regulations in force, including European regulations, (ii) in the terms established by the market practices admitted by CONSOB as per the combined provisions of Art. 180, paragraph 1, letter c) of the TUF and Art. 13 of EU Regulation No. 596 of 16 April 2014 (the “Admitted Market Practices”). Additionally, share purchase transactions may also be carried out in the terms envisaged in Article 3 of EU Delegated Regulation No. 2016/1052 in order to benefit, if the conditions are met, from the exemption under Article 5, paragraph 1, of EU Regulation No. 596/2014 on market abuse with regard to inside information and market manipulation.
Regarding the disposal of treasury shares, disposals may be made, on one or more occasions and even before having terminated the maximum number of purchasable treasury shares, either by selling them on regulated markets or according to other trading methods in compliance with the law, including EU law, in force and with the Admitted Market Practices, if applicable.
Under the proposed authorization, purchases shall be made at a unit price compliant with any regulatory provisions, including EU regulations, or Admitted Market Practices as applicable at the time and where applicable, without prejudice to the fact that the minimum and maximum purchase price shall be determined at a unit price not lower than the official Stock Exchange price of Mondadori shares on the day preceding the purchase transaction, reduced by 20%, and not higher than the official Stock Exchange price on the day preceding the purchase transaction, increased by 10%.
In any event – except for any different price and volume determinations resulting from the application of the conditions set forth in the Admitted Market Practices – such price shall be identified in accordance with the trading conditions set forth in Delegated Regulation (EU) No. 1052 of 8 March 2016.
In terms of consideration, sales transactions or other acts of disposal of treasury shares shall be carried out:

• if executed in cash, at a price no lower than 10% of the reference price recorded on the MTA – Euronext Milan – organized and managed by Borsa Italiana S.p.A. in the trading session prior to each single transaction;
• if executed as part of any extraordinary transactions, in accordance with financial terms to be determined by the Board of Directors on the basis of the nature and characteristics of the transaction, also taking account of the market performance of Mondadori shares;
• if executed to service the Performance Share Plans adopted by the Company, in compliance with the terms and conditions set out in the resolutions of the Shareholders’ Meeting that establish the Plans and the related regulations.

2023-2025 Performance Share Plan

The Shareholders’ Meeting, pursuant to Article 114-bis of Legislative Decree 58/1998 and in keeping with the introduction of performance share plans approved in the past for the medium/long-term remuneration of executive directors and key management personnel, approved the adoption of a Performance Share Plan for the three-year period 2023-2025 intended for the Chief Executive Officer, the CFO – Executive Director and a number of managers of the Company who have an employment and/or directorship relationship with the Company or its subsidiaries at the date of allocation of the shares.
For a detailed description of the 2023-2025 Performance Share Plan, the beneficiaries and the main characteristics of the Regulation of the Plan, reference should be made to the Information Document pursuant to Article 84 bis of CONSOB Issuers’ Regulation No. 11971/1999, and the explanatory report of the Board of Directors, available on the Company website www.mondadorigroup.com, Governance/Shareholders’ Meeting section and on the authorized storage mechanism 1Info (www.1Info.it).

^[1] Rough estimate based on the number of shares outstanding to date.

Over 40 creative projects by a line-up of more than 40 designers from Italy and around the world across 6 iconic locations in Milan, which will play host to 9 days of events, meetings, and talks with leading figures in design culture and much more. These are the numbers that matter for INTERNI Design Re-Evolution, the eagerly awaited exhibition-event created by INTERNI, the Mondadori Group interiors and contemporary design magazine, and curated by Gilda Bojardi. The events take place from 17 to 26 April in the courtyards of the University of Milan, the Eni Space at the Brera Botanical Garden, and at Portrait Milano, home of the Audi House of Progress.

This year, INTERNI, a long-time champion of new spaces for creativity, is adding Eataly Milano Smeraldo, De Castillia 23 by Urban Up | Unipol and the Torre Velasca to the three “institutional” locations.

In collaboration with the City of Milan, INTERNI Design Re-Evolution is one of the main initiatives of Milan Design Week and FuoriSalone 2023, created in 1990 by the magazine’s editor-in-chief, Gilda Bojardi, and universally recognised as the leading event for international design and architecture.

INTERNI Design Re-Evolution aims to offer a collective and multidisciplinary reflection on the role of evolutionary thinking as a design tool for new territories, both known and unknown, physical and digital, present and future.

“The Design Re-Evolution is a revolution, because it aims to redevelop the land, the objects that inhabit it, the materials with which they are made, and the energy used to create them”, explains Gilda Bojardi, editor-in-chief of INTERNI. “But it is also evolution, because it develops through a synergy between various disciplines – such as science, art and set design – fostering positive exchanges between individuals, businesses, institutions, and, of course, the citizens. And it is a process, in that it is a way of conceiving, producing and sharing ideas in order to reach a new configuration of the spaces in our lives. The Design Re-Evolution therefore approaches the home in the sense of a ‘mirror for the soul’, in the words of Mario Praz, encouraging the circulation of information and contacts on possible circular economy solutions. The exhibition event thus helps to build new landscapes to promote new interaction between people and environment, in a profound dialectical relationship with nature”.

But INTERNI Design Re-Evolution also explores territories that are still beyond our knowledge, from the Metaverse to the farthest universe. Because it is in this realm of creativity, where we may well feel out of our comfort zone, that the empathy inherent to design becomes a tool which strengthens imaginative power and the ability to interpret human emotion. Combined with solid professionalism and design ethics, these qualities allow us to understand, conceptualise and experience the evolution of our planet.

The three co-producers of the exhibition eventi: Audi, Eni and Whirlpool

The main sponsors of INTERNI Design Re-Evolution are three premium brands active in the field of sustainability: Audi, a leading car manufacturer with a comprehensive commitment to providing sustainable mobility, has innovation and progress in its DNA; Eni, an integrated energy company, launched a new strategy in 2020 which will allow it to reach its goal of zero net emissions by 2050 and to supply a range of totally decarbonised products, combining environmental and financial sustainability and focusing on technological leadership built over years of research and innovation; Whirlpool is a global leader in domestic appliances, thanks to its solutions with cutting-edge design created to improve the quality of domestic life. Each co-producer is presenting a high-impact installation with their own interpretation of the theme of the exhibition event.

At Portrait Milano, Corso Venezia 11 _ Audi House of Progress

Human values are central to The Domino Act, an installation representing Audi‘s vision of sustainable mobility. A circular structure of 22 monoliths encloses and protects the Audi skysphere concept car, their multiplying reflections acting as a reminder of the importance of working together. Located in the magnificent Piazza del Quadrilatero of Portrait Milano, Milan’s exclusive new hotel complex occupying the spaces of the former Seminary of the Archbishop in Corso Venezia, it was designed for Audi by Gabriele Chiave with Controvento. It brings an artistic sensibility to the principle of the Sustainability Domino Act, highlighting how decisive action in a strategic area can trigger a virtuous knock-on effect. The key presence of the Audi skysphere concept, demonstrating the perfect blend of emotion and technology with people at its centre, recognises research and progress as defining factors in the Brand’s strategy and its roadmap to decarbonisation.

At the Brera Botanical Garden – Eni Space

The Brera Botanical Garden is transformed into Eni Space, hosting Walk the talk – Energy in motion, a large interactive game. With one of Milan’s most beautiful gardens as its backdrop, the design tackles the FuoriSalone “Future Lab” theme through an intriguing giant game board all about the evolution of mobility, representing the activities and vision of Eni Sustainable Mobility. Developed by Italo Rota and CRA – Carlo Ratti Associati together with the Blob Factory Gaming Studio game designer collective, Walk the talk – Energy in motion explores themes such as the shift to more sustainable transport solutions, vehicle sharing services, and producing fuel from renewable raw materials. In so doing, it invites the public of FuoriSalone and INTERNI Design Re-Evolution to reflect on the future of our city. Each player chooses a path to follow through the installation, offering an interactive way to discover everyday actions and practical solutions for increasingly sustainable mobility. Entrances and exits punctuate the trail, which runs along the leafy pathways of the Botanical Garden, over an area of 3500 square metres with roughly 400 illustrated boxes. The boxes absorb sunlight during the day and convert it to light in the evening, creating lighting effects that change with the time of day.

At the University of Milan, Whirlpool with “The Synesthetic Swirl”

Light, colour, reflections and visual distortions abound with The Synesthetic Swirl, the spiral display in the Cortile d’Onore at the University of Milan, designed by Odile Decq for Whirlpool, the exhibition’s co-producer. Reproducing the geometry of a vortex and inspired by the archetypal image of the spiral, The Synesthetic Swirl prompts a journey and invites us to explore our sixth sense: intuition. Inside its fully immersive and engaging interior, whose exterior is just as appealing and intriguing, the installation offers the possibility of a ‘before’ or an ‘after’. The reflective effect of the mirrors creates a synesthetic vortex which can represent the dualities of an opening or an awakening, an oscillation, a step forward or backward.

Installations and designers: the key figures of Interni Design Re-Evolution

The great INTERNI exhibition event was created with the aim of initiating and multiplying connections and relationships: a virtuous system between creatives, businesses, distribution networks who have the fundamental need to connect people and ideas from different cultures and backgrounds. In collaboration with businesses, multinationals, start-ups and institutions, there are more than 40 designers who have made over 40 creative projects (installations, displays, design islands, micro-architecture and macro-objects, all site-specific) to explore the theme of this year’s exhibition.

The spaces of the University of Milan provide the setting for a series of impressive installations.

In the Cortile della Farmacia, Amazon presents The Amazing Playground: an interactive immersive space featuring Swing, an installation designed by Stefano Boeri Interiors. It takes the form of a special swing inspired by early twentieth-century Spanish Surrealism and the Circo Americano in Madrid, and offers a playful counterpoint to the abstract rhetoric around sustainability. Swing supports Parco Italia, a national urban forestation project promoted with Amazon Italia by Stefano Boeri Architetti and AlberItalia, founded to improve and implement Italy’s natural capital and its biodiversity. In addition to interacting with the installation, the public can also discover a selection of certified Climate Pledge Friendly products available on Amazon.it and displayed around the courtyard.

In the Cortile del ‘700, The Impossible Machine, a metal sculpture designed by Piero Lissoni for Sanlorenzo, combines high technology with skilled workmanship, giving physical form to the theme of sustainable yachting. It presents a large mechanism whose parts move thanks to the new hydrogen system that Sanlorenzo is developing to power its craft, in partnership with Siemens Energy. The backlit platform on which the metal installation rests highlights the mechanism’s propellers and cogs, while the fine vapour surrounding it reproduces the effect of a turbine powered by a fuel cell system.

A number of different projects have been created in the Cortile d’Onore. These include A Theatre to Save the Planet, an itinerant theatre created by Andrea Boschetti in collaboration with Ana Lazovic from Metrogramma studio with Mirage designed to promote the values of sustainability, solidarity and responsible innovation. It consists of containers recovered from the ocean, which become a place of meditation and participation, hosting events each day dedicated to the theme of sustainability (partners of the Save the Planet project).

A modern Cabinet of Curiosities, by Annabel Karim Kassar, is an interactive installation which invites the visitor to reimagine their place in the natural order and to go beyond mere viewing, exploring how architecture can change our emotional balance and the intimate human experience.

The Oasis. Microarchitecture by Massimo Iosa Ghini, enveloping and protective, demonstrates an approach to design inspired by plant organisms, resulting in a space with a beating heart which places man and nature in dialogue through natural light and materials, the movement of the air, and sensory perception.

Berlin studio Topotek 1 – in collaboration with the Landscape Festival of Bergamo – Masters of Landscape – with Grow together, Grow green / 10k+ has designed an experience to be lived and shared, a collective action divided into three concepts: deconstruction, activation and green growth. The structure, which can be dismantled and reused, acts as a pick-up point for a collection of plants that visitors are invited to take home and look after. The Nutura pavilion, by Benedetta Tagliabue – EMBT Architects, built in collaboration with Roca, is made from wood and ceramic and offers a multisensory exploration of nature and Mediterranean architecture, with lattices and shutters creating shadow effects, material textures, and changing views. The pathway leads to a plaza in which to relax and enjoy the view of the Cortile: in keeping with the Re-Evolution theme and the value of sustainability, all the materials used will be disassembled, recovered and used for other projects.

The Loggiato Est hosts Discover(y) lightning by Mario Cucinella with Artemide: a bright and heartfelt tribute to Ernesto Gismondi, founder of Artemide, achieved through a series of pendant lights which cloak the Cortile del Filarete in red, shaping its spaces and framing details. The work enhances the quality of the spaces through the use of Integralis, a patented lighting technology which sanitises and inhibits the growth of bacteria on the surfaces it lights.

Also in the Cortile d’Onore, English artist Ian Berry presents The greatest story ever worn, a tribute to 150 years of the iconic Levi’s 501s; Stone Pavilion by Brazilian architect Vivian Coser showcases the country’s stone production with a focus on eco-friendly processes and materials, in collaboration with It’s Natural, Centrorochas, ApexBrasil.

Fidenza Village presents  MOAI sculptures by street artist duo Urbansolid, offering a reflection on modern times by reinterpreting ancestral history through the contemporary language of street art. Operae by Gianni Lucchesi for Giannoni&Santoni and the Hangar gallery is a stone sculpture of a life-sized seated figure overlooking the Cortile d’Onore from the top of a 13-metre totem made up of modular cubes in lightweight concrete.

Symbolising the perfection of architecture, standing on the central lawn is an enormous cube in reflective strips – Momentum – by Ma Yansong and Andrea d’Antrassi/ MAD Architects produced in collaboration with AXA IM Alts.

Lastly, two totems, one created from layers of construction materials and the other formed from a slim metal frame – Tangibile & Intangibile  – presented by One Works with  Mapei and Ica, aims to find a balance between architectural know-how, through the reuse of materials, and the discovery of new languages to express design, such as virtual reality and the Metaverse.

Temporal, the presentation organised by ApexBrasil, is two-fold: a spherical, cocoon-like installation 6 metres in diameter covered in real moss, in the Cortile d’Onore; and an exhibition of products curated by Bruno Simões, displayed along the Portico Richini and Portico San Nazaro. It represents the vitality of contemporary Brazilian design in its various forms, regions and characteristics, and reflects on production driven by sustainability and a focus on the environment and nature.

As a long-standing advocate for his ideas on architecture and design, in the Cortile dei Bagni Simone Micheli presents Free.Dom, a metaphor for time and the approaches we can take to life. Through companies, who are exploring new interpretive possibilities thanks to his work, Micheli created three large structures representing “cages” in a large mesh. Two of these house a stylised bird, while the third is empty. Next to it is the bird which has flown out. The meaning is that only those who truly wish and choose to free themselves from stereotyped patterns, from system crises, from content stalemate, from clichés and conservatism, can do so.

There are also numerous installations in the portico of the Cortile d’Onore: Seating Experiments With Spanish Tiles by Tomás Alonso Studio for Tile of Spain, Metamorphosys  by Roberto Banfi with Studeo group for Itelyum, and Farfalle by Ludovica Diligu with Labo.Art, as well as Flow by Francesco Forcellini with Besenzoni, Studio Nomade d’Artista by Sergio Fiorentino – Studio Gum, New Horizons by Mandalaki for Halo Edition, Sit on the wor(l)d by Marco Nereo Rotelli for Ever In Art and Giardino Segreto, which is the exhibition of the results of the 4th edition of the contest “Design. A journey through Italy and Spain”, curated by Carmelo Zappulla of External Reference for the Italian Embassy in Madrid.

In the Aula Magna great hall, Time After Time by Gianluigi Colin with Galleria De Ambrogi  presents an installation consisting of hundreds of metres of fabric used to clean newspaper printing presses; authentic objets trouvés, secular shrouds, loaded with the memory of endless erased stories, hanging eleven metres high. This work prompts us to question the quality of the information system, collective memory and its dissolution. A secular temple of knowledge, the University is the natural home for a project such as this because, as Aldo Colonetti says, “like architecture, design must never forget that art is the foundation of every design-related discipline”.

Material textures are the focus of Acrylic Skyline by Jacopo Foggini with Dr. Gallina, a polychrome skyline as a “tribute to Alessandro Mendini” on display along the Loggiato Ovest. The visitor is guided by the light filtering through the multiwall polycarbonate sheets in a rainbow of colours, chosen to offer an impression of fluidity. Foggini invites us to reflect on the materials of the future and prompts positive thinking on the “eternal” nature of plastic.

With L’arte del colore by Francesca Grassi of Studio Italo Rota with Boero, the Portale Hall Aula Magna becomes a modern interpretation of the rainbow, achieved using the colours of the new Boero colour system, 1831 – Il colore italiano.

The North and South doorways of the University host the installation Re-Connection: Alberto Caliri, creative director of Missoni Home Collection, offers a series of small rabbits designed to prompt our memories and reconnect us with emotions and imagination.

CaberlonCaroppi studio with Pedrali, Zambaiti Parati for Concreta explore the theme of Design Re-Evolution with Liminal, by furnishing the exhibition’s press room with unique furniture customised for the occasion, while Urban Stage by Parisotto + Formenton Architetti with Cimento offers a concrete look for outdoor relaxing with an urban feel with Outdoor Lounges.

Worth noting is that many of the installations in the exhibition were created with the idea of being reused, whether fully (such as the Amazon swing, linked to biodiversity, or the containers of Mirage, with Save the Planet), or partially, to create new settings and objects. INTERNI participates in the Urban Economy, Fashion and Design Project by the City of Milan, which transforms the exhibits of Milan Design Week into a concrete possibility of regeneration and reuse, in line with the principles of the circular economy.

New sites

The traditional institutional sites of INTERNI Design Re-Evolution are joined this year by other iconic locations in the city: Eataly Milano Smeraldo, De Castillia 23 by Urban Up | Unipol and the Torre Velasca.

At Eataly Milano Smeraldo, Paola Navone Otto Studio are celebrating Italian identity with 100% Pasta: a thorough examination of the quality of good food, from harvest and preparation to tasting. Tomatoes, pots and pans, garlic, chillies and spaghetti all made by the Viareggio Carnival Foundation hang from the ceiling in an aerial installation at Eataly Smeraldo, over the stage at the centre of the store. The stage has been decorated for the occasion in tomato red, and furnished with modern chairs and tables in red, white and green, referencing the ingredients of the quintessential Italian dish, pasta with tomato sauce. And not just any recipe, but the dish Paola Navone’s grandmother used to make for her, selecting the ingredients with care and love. The “100% Pasta” installation will be presented to the public on Thursday April 20, at 6pm, on the stage at Eataly Smeraldo, with a food performance which will see Paola Navone talk about her installation and the link between food and design, sharing the story of her “Pasta Paola”, alongside an Eataly chef who will make it for those present.

The message conveyed in the Isola district consists of just two simple yet alarming words: H2o HELP. On the lawn in front of De Castillia 23, a building redeveloped by Urban Up – Unipol and owned by the Group, an installation by Maria Cristina Finucci greets visitors with a sort of living being, 70 metres long and formed of a series of “water cushions”. Those sitting on it may not immediately realise that just a few steps away, this living being is gasping for air, showing everyone its struggle to survive. Through its agony, it attempts to communicate humanity’s distress in light of one of the most serious issues it is facing: a lack of water.

Once again, 66 years after it was built, with QR Code: Quick Re-Evolution Code, the Torre Velasca is the mouthpiece for a Re-Evolution, acting as the gateway to a virtual world offering new levels of perception to augment reality. Hines entrusted the project to the creative flair and talent of designer Elena Salmistraro. The project is an innovative digital experience which introduces an extraordinary foray into new ways of experiencing places, freeing their revolutionary communicative potential. As the name suggests, a QR code is key to the installation. Visitors use it to access a specially designed digital space, dedicated to discovering this iconic Milanese building. The QR Code will be available in the FuoriSalone Guide, on the INTERNI channels, on the website www.torrevelascaqrcode.com, as well as on 80 floor stickers positioned strategically around the city.

The Interni system

The INTERNI integrated system of communication multiplies and reiterates its role as a key source of information for the world of design. Two printed publications (INTERNI and the FuoriSalone Guide), two digital publications (INTERNI King Size and the legendary FuoriSalone Guide), one major event (INTERNI Design Re-Evolution), INTERNI online (website and social media) and Interni Design Journal – with insights and videos which will be delivered through a newsletter system – provide all the tools for keeping up to date in real time on all the latest design trends, news and previews.

Now in its 33rd edition, the FuoriSalone Guide is the essential handbook for anyone who wants to discover and explore the increasingly packed calendar of Milan Design Week, through the annotated presentation of 350 events involving the companies, designers and architects participating in FuoriSalone, organised both day by day and in alphabetical order. The guide, which is available free with the April issue of INTERNI in Milan, and in all the showrooms, institutions, museums and other locations participating in FuoriSalone 2023 (as well as at the fair itself), can be accessed online (both on tablet and smartphone), and includes an interactive map.

The strength of the brand is also clearly visible throughout the city: Design Re-Evolution involves a major street advertising campaign which includes 15 banners displayed at the main entrances to Milan and in the historic centre, 1000 flags at the locations of the events mentioned in the FuoriSalone Guide, as well as 60 digital points in the busiest areas, 10 retro shuttle buses, customised news stands in the historic centre and in airports, window displays and LED walls(Mondadori Duomo bookshop in Piazza del Duomo and Rizzoli Galleria in Galleria Vittorio Emanuele).

For all information www.internimagazine.it

Mondadori Media distinguishes itself once more among the leading Italian publishers for its digital audience, with excellent website and social media results.

Social media results

Mondadori Media’s 100 profiles reached over 83 million followers in March and exceeded half a billion monthly video views (sources Comscore + Instagram video insights).

In Prima Comunicazione’s Top most social Italian media ranking, processed by Sensemakers, Giallozafferano conquers the first place for its video views with 113 million views. Webboh is also in the Top ten with 14 million interactions.
Excellent results for The Wom, which concluded the month of March with a record of 6 million followers and 46 million video views (sources Comscore + Instagram video insights).

Outstanding performance also for the branded contents developed in partnership with Mediamond. In the paid partnership ranking of Prima Comunicazione and Comscore, Giallozafferano is first on Instagram with 45 thousand actions taken on a series of reels implemented together with Cooking with Bello, Luisa Orizio and Evasfood Addiction, all top food creators of Giallozafferano and the Zenzero Talent Agency. Excellent performance also for the branded campaigns implemented in March by Mypersonaltrainer, Webboh, which reached 18 thousand actions at the Webboh Awards, and The Wom with nearly 16 thousand actions.

“We’re very satisfied of the great numbers achieved in terms of audience and interactions, further confirming the strength of the strategic decisions taken,” stated Andrea Santagata, General Manager of Mondadori Media. “Our recipe is based on the quality of the brands and contents, but also on a focus towards the new generations, by increasingly focussing on new talents and creators through both the foundation of new companies, such as The Wom and Zenzero, and acquisitions, such as Webboh and the Power Talent Agency,” concluded Santagata.

Web ranking

Mondadori Media on the podium of Audiweb’s ranking of Italian publishers with 27 million unique users, an 8% increase compared to the previous year, and a reach equal to 61% of the market (Total digital audience, February 2023).

Giallozafferano is once again Italians’ first choice in the Kitchen with 18 million unique users and a 57% reach in the Food & Cooking segment. Mypersonaltrainer and The Wom, leaders in their categories, also stand out with respectively 13 million and 8,6 million unique viewers.
Historical results for Tv Sorrisi e Canzoni, which reaches 5,5 million unique users and an amazing growth of +43% compared to the same month last year, also thanks to the success of the special initiatives implemented at the Sanremo Festival of 2023. Excellent performance also for Webboh, the first community entirely devoted to GenZ and which reached 3 million unique viewers in its first Audioweb ranking, thus confirming the brand’s ability to reach its elective target even beyond the social media channels.

This year, TV Sorrisi e Canzoni, a reference point brand in the entertainment world, is once again participating in the FuoriSalone with a special meeting with an exceptional artist.

The Sorrisi initiative will be held on Sunday 23 April in the Aula Magna of the University of Milan in collaboration with the exhibition-event “Design Re-Evolution” by Interni, and will allow the public to meet one of the most appreciated singer-songwriters of the Italian music scene: Diodato.

Diodato – one of the most beloved Italian singer-songwriter and among the most awarded artists in the history of Italian music, with four studio albums – will be a guest of Aldo Vitali, director of the magazine Tv Sorrisi e Canzoni, for an unmissable encounter – through both music and words – during which the artist will be awarded with a Telegatto, the prestigious award given to the most important personalities in the entertainment world.

Diodato – who has just released his fourth album “Così speciale” – will perform with a special showcase for visitors attending the event scheduled at 18:00 (free admission subject to availability).

Arnoldo Mondadori Editore S.p.A. announces to have finalized today the closing of the disposal of its 18.45% equity stake in Società Europea di Edizioni S.p.A. to P.B.F. S.r.l., previously announced on 16 March last.

The sale consideration, to be settled entirely in cash, was set at 2.3 million euro, taking account of the price adjustment mechanism based on the company’s net financial position at the closing date.

The sale has generated a net capital gain of 0.5 million euro in the Mondadori Group income statement.
In financial year 2022, this stakeholding generated a loss of 1.8 million euro in the consolidated financial statements.

The sale is consistent with the Group strategy to focus on the books business and divest non-core assets.

Zenzero, the best Italian food creators’ talent agency continues to grow. With a fanbase of more than 50 million people, 13 million average video views each month and more than 100 registrations in 2023, it has proven its distinctive, dynamic and innovative positioning, establishing itself in the creator economy market in just six months.

New talents for the Zenzero team

Among the new additions is the top creator, Andriana Kulchytska. A Ukrainian by birth, living in Italy since 2020, Andriana is a smash hit on social networks with her fast-paced videos, her original style, her simple and fast recipes that are “both fit and fat” and her tongue-in-cheek and playful style of presentation.
Together with her, 3 other new creators have joined Zenzero. They are young talents from the food world, who are establishing themselves more and more quickly and boast important levels of engagement.
From Dany Resconi, a young chef and personal trainer, who reinterprets traditional dishes in a modern way to a salsa beat, to Ilaria Busato, known as La Dispensa Vegana (The Vegan Pantry), a food creator who makes simple and fast plant-based recipes that suit the hectic everyday life. Finally, there’s Mattiastable who, with his limitless cuisine, explores and discusses the culinary traditions of the whole world, while also creating opportunities for international branded content formats.

Giallozafferano and Zenzero strengthen their ties with innovative projects and new collaborations

There’s also great news for special and branded projects. In the coming months, Giallozafferano, in collaboration with Zenzero, will propose innovative formats and content, real experiences to share with its community, which go beyond the social media dimension.

In spring, Diletta Secco will be the star of Diletta in Paris, a culinary journey at Le Cordon Bleu Paris cooking school. It’s a comprehensive show on the talent and Giallozafferano social channels told through a daily diary with food, fashion, beauty and lifestyle content.

There’s also international projects for Cooker Girl who will be at a Michelin-star restaurant in New York in the summer. A life experience in the most multicultural capital in the world, a professional journey during which she will also have the opportunity to collaborate with international creators.

Finally, in July, Giallozafferano will be the main partner of the Giffoni Food Show and will announce the schedule together with Zenzero and many top food creators, including Daniele Rossi, Rossella Maraio, Eva Andrini from “Eva’s Food Addiction”, with meetings, cooking workshops, and cooking shows aimed at Gen Z teens.

The link between the number 1 food media brand in Italy and the Food Agency is also being strengthened thanks to the new role of Sebastian Fitarau, a former Zenzero talent, who has become Resident Chef Creator of Giallozafferano.

With these initiatives Giallozafferano and Zenzero strengthen the point of contact between an extraordinary hub of food creators and brands, thanks to a complete and increasingly distinctive offer of communication proposals and special projects, created together with Mediamond.