General information

The 24 ORE Group operates in a leadership position in the business and financial news and information market. Its offering targets the general public, professional categories, companies and financial institutions.

The composition of the Group and the scope of its consolidation as at 31 December 2008, with the changes that have taken place with respect to 31 December 2008, are reported in Section 9 - Scope of consolidation.

The main deals involving the Group during 2008 are detailed in the Management Report for the year ended 31 December 2008.

The companies included in the scope of consolidation as at 31 December 2008 were:

  • Il Sole 24 ORE S.p.A., the parent, which acts both as the holding company for majority investments in Group companies, and as an operating company, by performing core business activities (general, financial and professional news and information, press agency, etc.).
  • 24 Software S.p.A., the object of which is to produce and distribute software and electronic equipment for data processing, automation and transmission. The company was formerly 24 ORE Television S.p.A., which, as approved by the shareholders at their extraordinary meeting of 26 September 2008, changed its corporate object and, consequently, its name.
  • Nuova Radio S.p.A., the broadcaster of Radio24, a News and Talk radio station.
  • Il Sole 24 ORE UK Ltd., which sells advertising space in the United Kingdom.
  • 24 ORE Motta Cultura S.r.l., specialized in products dedicated to art and photography.
  • 24 ORE Business Media Srl, specialized in professional B2B publishing, in sectors such as hotels and catering, information technology, electronics, building, and architecture. As of 1 January 2008, in accordance with the deed of merger of 14 December 2007, the company executed the merger of the companies Il Sole 14 ORE Editoria Specializzata Srl and Motta Architettura Srl. The merger was part of the process of rationalizing the business segments and achieving organizational synergies.
  • Alinari 24 ORE S.p.A., a company active in the photography & image sector.
  • Newton Management Innovation S.p.A., a company active in training services.
  • Faenza Editrice Iberica S.L., active in the Spanish sector-specific publishing market with magazines for the ceramic sector and an indirect subsidiary through Il Sole 24 ORE Business Media S.r.l.
  • Data Ufficio S.p.A., specialized in software solutions and electronic communication services for the public administration and professionals and in office products and printed materials. The company is an indirect subsidiary through H24 Software S.p.A..
  • STR S.p.A., specialized in software solutions for the building industry. The company is an indirect subsidiary through H24 Software S.p.A..
  • Esa Software S.p.A., a company active in management software for small and medium enterprises and for professionals. The company is an indirect subsidiary through H24 Software S.p.A..
  • Newton Edutainment S.r.l., a company active in training services. The company is an indirect subsidiary through Newton Management Innovation S.p.A..
  • Mondoesa Milano S.r.l., which distributes the products of Esa Software S.p.A. and provides support services. The company is an indirect subsidiary through Esa Software S.p.A., which is, in turn, an indirect subsidiary through H24 Software S.p.A..
  • Cesaco S.r.l., which distributes the products of Esa Software S.p.A. and provides support services. The company is an indirect subsidiary through Esa Software S.p.A., which is, in turn, an indirect subsidiary through H24 Software S.p.A..

Il Sole 24 ORE S.p.A. has its registered and administrative offices in Via Monte Rosa 91, Milan (Italy). Confindustria (Confederation of Italian Industry) controls the parent.

The total number of special-category shares placed on the market as at 31 December 2008 accounts for approximately 28.14% of the parent's share capital.

The company's articles of association contain rules based on which the controlling ownership of Il Sole 24 ORE S.p.A. cannot be changed. More specifically, under Article 8, shareholders may not own a number of special-category shares exceeding one-fiftieth of share capital plus one share, with the exception of the Company itself, which may own them as treasury shares.

Il Sole 24 ORE S.p.A. stock is currently listed on the Milan screen-based Mercato Telematico Azionario (MTA) of Borsa Italiana S.p.A. in the Standard (Class 1) segment.

STOCK IDENTIFICATION CODES

Name Il Sole 24 ORE S.p.A.
ISIN IT00004269723
Alphanumerical code S24.MI
Reuters code S24.MI
Bloomberg code S24 IM

On 20 March 2009, the Board of Directors approved the Group's consolidated financial statements as at and for the financial year (FY) ended 31 December 2008 and also authorized their publication.