BoD meeting - July 2 2009
Milan, July 2, 2009 – At its meeting today, the BoD of Il Sole 24 ORE S.p.A., chaired by Cav. Lav. Dott. Giancarlo Cerutti, acknowledged the projections for the current financial year, in particular those forecasting an expected drop in revenues (roughly 8% given the change in scope vs. the previous year), due mainly to lower advertising revenues, and urged the Chairman and Managing Director to take further effective actions, including structural measures, in order to curb costs.
Ginevra Cozzi, Head of Press Office 24 ORE Group
English translation by CAP Q (Capital Quality Translations) www.cap-q.net