Encouraging business year 2007 for LZ Medien
LZ Medien Holding, which publishes the neue Luzerner Zeitung, among other titles, increased its revenue and earnings in 2007. Revenue rose by 7.7 percent to 149.1 million Swiss francs, and profit increased by 6.2 percent to 14.9 million Swiss francs. All operating segments contributed to the Group’s results.
LZ Medien Holding, which among other things publishes the new Luzerner Zeitung, increased sales and earnings in 2007. Turnover increased by 7.7 percent to 149.1 million Swiss francs and profit by 6.2 percent to 14.9 million Swiss francs. The company explained in a press release on Monday that all operating segments contributed to the very good Group result. It attributes the growth primarily to higher advertising revenues and the full consolidation of the Radio segment. The good economic environment had influenced advertising revenues.
Advertising income increased by CHF 1.6 million to CHF 49.8 million. There was also a slight increase in subscription and newsstand income: They rose by CHF 0.4 million and 1.2 percent respectively to a total of CHF 39.2 million. Income also increased in the highly competitive print and calendar business segments. Sales in these segments amounted to CHF 44.7 million, an increase of CHF 0.5 million or 1.2 percent compared to the previous year.
Other income and income from electronic media rose by CHF 8.1 million to CHF 15.4 million. LZ Medien Holding puts the operating result Ebita at CHF 16.3 million, which equates to an increase of CHF 1.7 million.
At the end of 2007, LZ Medien employed 518 people, who shared 433 jobs. The company is majority-owned by the NZZ Group.
Advertising income increased by CHF 1.6 million to CHF 49.8 million. There was also a slight increase in subscription and newsstand income: They rose by CHF 0.4 million and 1.2 percent respectively to a total of CHF 39.2 million. Income also increased in the highly competitive print and calendar business segments. Sales in these segments amounted to CHF 44.7 million, an increase of CHF 0.5 million or 1.2 percent compared to the previous year.
Other income and income from electronic media rose by CHF 8.1 million to CHF 15.4 million. LZ Medien Holding puts the operating result Ebita at CHF 16.3 million, which equates to an increase of CHF 1.7 million.
At the end of 2007, LZ Medien employed 518 people, who shared 433 jobs. The company is majority-owned by the NZZ Group.
