Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Caltagirone Editore S.p.A. is an Italy-based holding company primarily engaged in the publishing sector. Founded in 1999 by Francesco Gaetano Caltagirone and listed on the Milan Stock Exchange since 2000, it owns and manages a portfolio of prominent Italian newspapers, including Il Messaggero in Rome, Il Mattino in Naples, Il Gazzettino in Venice, Corriere Adriatico in the Marche region, Nuovo Quotidiano di Puglia in Apulia, and the free daily Leggo. The company integrates editorial operations with subsidiaries like Piemme S.p.A. for advertising management and CED Digital & Servizi S.r.l. for digital and technological solutions, reaching over 1.7 million daily readers and 3.9 million unique online users. Headquartered in Rome, Caltagirone Editore S.p.A. maintains a strong presence in central Italy, where more than 50% of readers engage with its publications, while navigating challenges in the declining print media market through digital adaptation. Controlled by the Caltagirone family with a majority stake exceeding 60%, it plays a key role in Italy's media landscape, focusing on regional leadership and diversified revenue from publishing, advertising, telecommunications, and internet services. Employing around 574 people, the company contributes to the consumer publishing industry by sustaining historic titles amid evolving audience habits.
The business is unprofitable at the operating level (-8.09% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 3.7% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -€3M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€98M
▼ -3.7% YoY
Net Income (TTM)
€626K
▼ -92.4% YoY
Op. Margin
-8.09%
▼ -1.7pp YoY
ROIC
-0.99%
▲ +0.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€3M
▼ -171.2% YoY
Op. Cash Flow (TTM)
-€3M
▼ -236.0% YoY
Net Debt
€32M
Cash & Equiv.
€2M
3Y CAGR: -3.6%
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