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Casta Diva Group, new industrial plan: target of 70.1 million in 2024

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Casta Diva Group, new industrial plan: target of 70.1 million in 2024

Target of Euro 70.1 million of production value and of Ebitda 7 million (9.9%) at the end of 2024. The 2022-2024 industrial plan approved by the board of directors of Casta Diva Group, a production company, is moving in this direction. television and event organization listed on the Milan Stock Exchange. The document, which contains some forecast data on the 2021 Financial Statements and will be presented in complete form on Friday 27 May (production value of 29.7 million and Ebitda of 1.5 million), traces the expansion strategies that the group chaired by Andrea De Micheli will have to follow from here to the next two years.

The growth process

A production value is expected to reach a value of 57.6 million in internal and external growth in 2022, also compared to previous years before Covid, and then gradually increase to 70.1 million in 2024, bringing Adjusted Ebitda from 4.8 million to 7 million and, as a percentage of revenues, from 8.4% in 2022 to 9.9% in 2024. The net financial position, equal to 1.6 million in 2021, becomes positive for 2.5 million in 2024.

Development strategies

In relation to the comparison between the forecasts for the end of 2021 and the actual figure for 2020, there is an increase in the value of production, passing from 17.4 million to 29.7 million with a consequent increase in the adjusted Ebitda figure which goes from -2.5 million in 2020 to 1.5 million in the forecast for 2021. The Plan then provides that the group moves in two different but complementary directions: on the one hand, there is the road to consolidate its core business by increasing the number of top clients and expanding the business with historical ones. On the other hand, there is the path of expansion towards complementary market segments and through vertical specialization by industry.

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Grow (also) with acquisitions

«The events sector – underlines the CEO Andrea De Micheli – is leaving behind a very complex phase, such as the pandemic season. Casta Diva Group, in that phase, continued to operate, also through business diversification strategies, investing in digital events and increasingly in scripted and unscripted television production ». Last April, the group finalized the acquisition of 90% of Genius Progetti Spa. “We hope to continue our growth process, also pursuing further the path of acquisitions, paying attention to all the opportunities that the market will offer us” , concludes De Micheli.

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