Revenues

Development

Consolidated revenues were down –7.5% from the previous year. In organic terms, revenues declined –5.3%.

The main reasons were:

• The challenging situation on the labour market for JobCloud.
• Lower advertising revenues at 20 Minuten.
• Tamediaʼs subscription revenues are declining, but digital subscriptions are growing.
• Lower print revenues, not least due to the closure of the Centre dʼImpression de Lausanne (CIL) printing centre in Bussigny.
• Inorganic decline in revenue due to the sale of dreifive Group, Goldbach Austria and DJ Digitale Medien AG (the online portal heute.at).

Revenues by segment

It remains the case that 78% of revenues are generated by the three media companies Goldbach, 20 Minuten and Tamedia. The relative share of 20 Minuten has declined by 1.4 percentage points to 9.0% because of the disproportionate fall in revenues.

Revenues by
category

The majority of revenues (84.3%) come from three sources: advertising, classifieds & services and subscriptions and single sales.

The closure of the CIL printing centre has reduced the relative share of printing and logistics revenue. The sale of dreifive Group and Goldbach Austria has reduced the relative share of marketing and brokerage revenues.