Edipresse increases net profit
The French-speaking Swiss publishing house Edipresse increased its net profit by 7.3 percent to CHF 32.3 million in 2007. This was partly due to the flourishing advertising business of the free newspaper Le Matin Bleu.
The French-speaking Swiss publishing house Edipresse increased its net profit by 7.3 percent to CHF 32.3 million in 2007. This was partly due to the flourishing advertising business of the free newspaper Le Matin Bleu. Group turnover, on the other hand, fell by 8.1 percent to 814.6 million francs. This was due to the spin-off of some business activities, as the publishers 24 heures, Tribune de Genève and Le matin announced on Thursday. On a comparable basis, turnover would have increased by 3.7 percent.
At the operating level (EBIT), Edipresse generated CHF 59 million, an increase of 4.1 percent. According to the publishing house, the pressure on margins has increased further. At 2.1 percent, the newspaper business, with which Edipresse generated turnover of CHF 349.8 million, shrank the least. Two years after its launch, the free newspaper Le Matin bleu already has 469,000 readers. The advertising volume has increased by 50 percent compared to the previous year.
The magazine business declined by 6.6 percent in terms of sales, but is still one of the strongest contributors to sales at CHF 404 million. One of the highlights of the year for Edipress was the founding of the Spanish magazine publisher RBA Edipresse.
Business in Eastern Europe and Asia is also developing well, with sales growth of 25 percent. In Poland, for example, the people magazine Party has already achieved a circulation of half a million copies since its launch in the fall.
At the operating level (EBIT), Edipresse generated CHF 59 million, an increase of 4.1 percent. According to the publishing house, the pressure on margins has increased further. At 2.1 percent, the newspaper business, with which Edipresse generated turnover of CHF 349.8 million, shrank the least. Two years after its launch, the free newspaper Le Matin bleu already has 469,000 readers. The advertising volume has increased by 50 percent compared to the previous year.
The magazine business declined by 6.6 percent in terms of sales, but is still one of the strongest contributors to sales at CHF 404 million. One of the highlights of the year for Edipress was the founding of the Spanish magazine publisher RBA Edipresse.
Business in Eastern Europe and Asia is also developing well, with sales growth of 25 percent. In Poland, for example, the people magazine Party has already achieved a circulation of half a million copies since its launch in the fall.
