Visibilia Editore SpA

Visibilia Editore SpA, previously PMS SpA, is an Italy-based company primarily engaged in the communication advisory. The Company provides the provision of corporate communication, integrated financial and senior management advisory services. The Company’s consulting services include customer support in formulating the strategy of communication processes, definition of corporate communication strategies, implementation of actions aimed at enhancing the name and brand, and construction of the image of companies and its management. The Company is also active in the management of relations with media and investors, including organization of press conferences, preparation of disclosure documents and development of strategies for financial reporting, among others. Additionally, it offers advertising services, market research, monitoring and analysis of media. In August 2014, it sold the business branch focused on strategic consulting activities to Cambre Italia Srl.

Executive
Daniela Santanche
Full List of Officers

Daniela Santanche
Chairman of the Board, Chief Executive Officer

Gianni Gambarotta
Head of Strategy
Start date: 2013-9-9

Canio Mazzaro
Director

Dimitri D'Asburgo Lorena
Independent Director

Davide Mantegazza
Independent Director

Date of incorporation
Country of incorporation ITA
Phone +39 06 49805000
Fax +39 06 4827070
Investor relations contact

+39 02 64741401

Free float 18318776
Security description Common Stock
Main venue Italian SE (Mercato Continuo Italia)
Ticker at main venue VE
Location

Via Pompeo Litta 9
20122 MILANO

Share price
/
 
Earnings per share
=
0.31
(
 
Share price
x
 
Shares
+
 
Net debt
) /
 
EBIT
=
INF
Price
x
 
Shares
/
 
Net Sales
=
0
(
 
Share price
x
 
Shares
+
 
Net debt
) /
 
Net sales
=
0.02
Price
x
 
Shares
/
 
Own capital
=
0.01
Earnings per share
x
 
Shares
/
 
Own capital
=
0.03%
Dividend per share
/
 
Price
=
-11.31%
2017 2016 2015 2014 2013
Income statement
Revenue 3.56 3.83 4.44 2.58 4.29
Other Revenue, Total
Total Revenue 3.56 3.83 4.44 2.58 4.29
Revenue Change -7% -13.7% 72% -39.8% -20.3%
Cost of Revenue, Total 2.56 2.76 3.13 1.71 2.25
Gross Profit 1.00 1.07 1.31 0.87 2.03
Selling/General/Admin. Expenses, Total 0.70 1.02 1.36 0.55 2.08
EBITDA 0.12 -0.21 -2.47 -0.39
EBITDA margin (%) 3.4% -5.6% -95.7% -9.1%
Research & Development
Depreciation/Amortization 0.38 0.45 0.43 0.20 0.23
Interest Exp.(Inc.),Net-Operating, Total
Unusual Expense (Income) 0.01 0.01 2.56 0.25
Other Operating Expenses, Total 0.17 0.26 0.70 0.23 0.10
Total Operating Expense 3.82 4.50 5.61 5.25 4.90
Operating Income -0.26 -0.67 -1.17 -2.67 -0.61
EBIT margin (%) -7.3% -17.4% -103.3% -14.3%
Interest Inc.(Exp.),Net-Non-Op., Total
Gain (Loss) on Sale of Assets 0.00
Other, Net -0.21
Net Income Before Taxes -0.38 -0.81 -1.38 -2.77 -0.68
Provision for Income Taxes 0.07 -0.03 -0.17 -0.11 0.17
Net Income After Taxes -0.46 -0.78 -1.21 -2.66 -0.85
Minority Interest
Equity In Affiliates
U.S. GAAP Adjustment
Net Income Before Extra. Items -0.46 -0.78 -1.21 -2.66 -0.85
Total Extraordinary Items
Net Income -0.46 -0.78 -1.21 -2.66 -0.85
Total Adjustments to Net Income
Income Available to Com Excl ExtraOrd -0.46 -0.78 -1.21 -2.66 -0.85
Income Available to Com Incl ExtraOrd -0.46 -0.78 -1.21 -2.66 -0.85
Dilution Adjustment
Diluted Net Income -0.46 -0.78 -1.21 -2.66 -0.85
Diluted Weighted Average Shares 30.90 26.71 19.60 15.95 2.39
Diluted EPS Excluding ExtraOrd Items -0.01 -0.03 -0.06 -0.17 -0.36
DPS - Common Stock Primary Issue
Diluted Normalized EPS -0.01 -0.02 -0.06 -0.06 -0.29
Balance sheet
Cash 0.03 0.10 0.24 0.03 0.00
Cash & Equivalents 0.00 0.00 0.00 0.00 0.05
Short Term Investments 0.00 0.03 0.00
Cash and Short Term Investments 0.03 0.10 0.26 0.03 0.06
Accounts Receivable - Trade, Net 0.34 0.27 0.63 0.84 1.78
Total Receivables, Net 2.80 2.25 2.48 2.81 1.78
Total Inventory
Prepaid Expenses 0.04 0.03 0.04 0.02
Other Current Assets, Total 0.28
Total Current Assets 2.87 2.39 2.79 2.86 2.12
Property/Plant/Equipment, Total - Gross
Accumulated Depreciation, Total
Property/Plant/Equipment, Total - Net 0.09 0.06 0.09 0.18 0.10
Goodwill, Net 3.65 3.86 4.08 4.30 1.64
Intangibles, Net 1.38 0.83 0.97 1.10 0.01
Long Term Investments
Note Receivable - Long Term 0.00 0.00 0.00 0.08 0.20
Other Long Term Assets, Total 0.19 0.07
Total Assets 7.99 7.14 7.93 8.71 4.13
Accounts Payable 1.09 1.96 2.52 2.81 1.96
Payable/Accrued
Accrued Expenses 0.26 0.50 0.37 0.52
Notes Payable/Short Term Debt 0.00 0.00 0.00 0.00 0.00
Current Port. of LT Debt/Capital Leases 0.29 0.33 0.29 0.79 0.76
Other Current liabilities, Total 1.62 1.23 1.08 1.18 1.50
Total Current Liabilities 3.27 4.01 4.26 5.30 4.23
Long Term Debt 2.34 2.28 2.65 2.89 0.17
Capital Lease Obligations
Total Long Term Debt 2.34 2.28 2.65 2.89 0.17
Total Debt 2.63 2.61 2.94 3.67 0.94
Deferred Income Tax 1.01
Minority Interest
Other Liabilities, Total 0.62 0.56 0.66 0.66 0.44
Total Liabilities 7.25 6.85 7.58 8.84 4.85
Redeemable Preferred Stock, Total
Preferred Stock - Non Redeemable, Net
Common Stock, Total 0.78 0.47 1.07 0.87 0.13
Additional Paid-In Capital 0.59 0.60 0.46 2.42 1.08
Retained Earnings (Accumulated Deficit) -0.64 -0.78 -1.18 -3.42 -1.93
Treasury Stock - Common
ESOP Debt Guarantee
Unrealized Gain (Loss)
Other Equity, Total
Total Equity 0.74 0.29 0.35 -0.13 -0.72
Total Liabilities & Shareholders Equity 7.99 7.14 7.93 8.71 4.13
Total Common Shares Outstanding 30.90 26.71 19.66 15.95 2.39
Total Preferred Shares Outstanding
Tangible Book Value per Share, Common Eq -0.14 -0.16 -0.24 -0.35 -0.99
Cashflow
Net Income/Starting Line -0.46 -0.78 -1.21 -2.66 -0.85
Depreciation/Depletion 0.45 0.63 0.43 2.75 0.48
Amortization
Deferred Taxes 0.07 -0.03 0.17 0.11 -0.10
Non-Cash Items -0.26 0.08 0.09 0.03
Changes in Working Capital -0.02 -0.05 -0.30 0.48 0.75
Cash from Operating Activities 0.04 -0.50 -0.84 0.78 0.31
Capital Expenditure -0.74 -0.03 -0.44 -5.96 -0.07
Other Investing Cash Flow Items, Total 0.00
Cash from Investing Activities -0.74 -0.03 -0.44 -5.96 -0.07
Financing Cash Flow Items
Total Cash Dividends Paid
Issuance (Retirement) of Stock, Net 0.90 0.72 1.70 2.08 0.00
Issuance (Retirement) of Debt, Net -0.28 -0.33 -1.08 3.13 -0.37
Cash from Financing Activities 0.62 0.39 0.61 5.21 -0.37
Foreign Exchange Effects
Net Change in Cash -0.08 -0.13 -0.66 0.03 -0.14
Cash Interest Paid
Cash Taxes Paid
Values are in EUR and expressed in million