Buongiorno Reports Q4 Profits Up 7.5%

Italian mobile content firm, Buongiorno has reported revenues for Q4 of Euro 46 million,  a rise of 7.5% compared to Q3 2007. EBITDA amounted to approximately Euro 7 million in the fourth quarter of 2007, up 24% compared to Q3 2007 and +6% compared to Q4 2006.

Pro-forma revenues including iTouch for Q4 2007 amounted to Euro 83.8 million and EBITDA to Euro 12.7 million.

Net profit for 2007 rose to Euro 13.7 million (+9% compared to 2006). Net Debt amounted to Euro 67 million.

The company also confirmed the 2008 Guidance. Buongiorno expects revenues of Euro 330-350 million, EBITDA of Euro 41-45 million. The company has also set the objective of achieving savings totaling Euro 10 million by mid-2009 as a result of the iTouch acquisition.

Posted to the site on 17th February 2008