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Tamedia in 2019, with a profit decline

The publishing house Tamedia has reported in the past year, a decline in profits. The reason is the strong decline in the printed advertising. In addition, Ta

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Tamedia in 2019, with a profit decline

The publishing house Tamedia has reported in the past year, a decline in profits. The reason is the strong decline in the printed advertising. In addition, Tamedia had to undertake a valuation allowance as a result of the Publicitas-bankruptcy.

However, the group had benefited in the previous year, of various special accounting effects. Excluding all one-off effects, the operating result is slightly below the previous year.

sales climbed by 3.7 percent to 1.01 billion francs. This Tamedia owes the acquisition of the advertising marketing company, Neo Advertising, Goldbach (the latter consolidated since September), the Basler Zeitung as well as the more prosperous commercial digital offered.

The Figures are slightly below the estimates of the ZKB. The Zurich cantonal Bank had forecast a turnover of 1.03 billion and an Ebit of 138.1 million Swiss francs.

print business under massive pressure

a sharp decline goods offered in 2018 once again, the advertising revenues in the printed newspaper and Magazine. Overall, the turnover of the business area payment media decreased by 5.7% to 569,6 million. Even more, the operation suffered from a result, which fell to 18 million of the 54 million Swiss francs.

the bankruptcy of the advertising mediator Publicitas, closure costs for the printed edition of the Western Swiss newspaper "Le Matin", as well as the lower result of the newspaper printing facilities had.

things went Better in the area of commuter media, and marketing. Here the sales of the newly added pure in addition to "20 minutes" advertising and marketing company, Neo Advertising, Goldbach (especially image). Overall, the revenues increased by 33.7 percent to of 206.4 million Swiss francs. The Ebit improved by 3 million to 51 million Swiss francs.

Digital drives growth

The big organic growth for the carrier in 2018, but the field of business marketplaces and participations. Here, sales rose by 7.3 percent to 252,8 million, the Ebit improved disproportionately by 11 million to 70 million Swiss francs, representing a margin of 27.8 percent. Especially good are the platforms of Jobcloud, home gate, Olmero and Doodle presented in accordance with the message.

All digital services taken together, about 43 percent, in taxes, in the meantime, for sales and 86 percent of the Ebit Tamedia.

corporate structure is checked

Tamedia intends to strengthen in the next three years, the digital part of its core business, journalism, and 30 million francs to invest. Two-thirds of which are to be used in the editorial area of paid media and one-third in the commercial sector. The goal is to launch new digital offerings that meet the needs and habits of the Users.

the entire business organization to be Reviewed. Tamedia wants to create optimal conditions for transparency and growth in all fields of business. The project is expected to create up in the summer a viable basis for decision-making.

change in the Board of Directors

The Board of Directors of a change in the representation of the owner family. The annual General meeting of 5. April, it is proposed the election of Andreas Schulthess – Martin Coninx retires.

The 48-Year-old business economist Schulthess was of the family of the owner is already from 2007 to 2013 in the Board of Directors. Most recently, he was from 2015 to 2018 as head of HR Switzerland at the reinsurer Swiss Re.

Coninx retires in accordance with the family's internal Rotation from the Board of Directors. He belongs to the same Family, the family of the founders such as Andreas Schulthess. Coninx stay Tamedia as a shareholder and a member of the pool of family shareholders. (nag/sda)

Created: 12.03.2019, 07:47 PM

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