Iervolino and Lady Bacardi Entertainment closes the third quarter confirming the company’s growth.
The Board of Directors of ILBE (Iervolino and Lady Bacardi Entertainment) has reviewed and approved the Group’s final results for the nine-month period ending September 30, 2021.
The results show Consolidated Revenues increasing by 77% compared to September 30, 2020, reaching € 134.045 million. Meanwhile, as of September 30, 2021, consolidated EBIT amounted to € 18.181 million.
As reported in the company’s press release, “Consolidated net intangible assets consisting of film and audiovisual productions in progress or undergoing amortization, amounted to € 98.018 million compared to € 68.057 million as of December 31, 2020. The relative increase is due to the development of the productions in progress “Arctic Friends”, “Puffins”, “Tell it like a woman” already “Together Now”, “Eddie & Sunny”, “State of Consciousness”, “Dakota”, “Muti” and the distribution rights of the film “The good Witch of Christmas”.”
For more information see: ILBE
