NZZ Group increases its earning power

 The NZZ Group once again significantly increased profits and sales in 2007. Thanks to higher advertising sales, increased sales in electronic media and acquisitions, the company achieved a turnover of CHF 551 million. This is a good 9 percent more than in the previous year, as the media company announced at the same time as announcing a new management structure. The bottom line was 45.5 million francs. The profit is thus over 45 percent higher than in 2006, which was mainly achieved operationally, as earnings before interest and taxes also rose by 62 percent to almost 41 million francs.
Both business divisions grew: The NZZ division (with the media Neue Zürcher Zeitung, NZZ am Sonntag and NZZ Online) and Freie Presse Holding (FPH) with its holdings in regional publishers in central and eastern Switzerland as well as in Zurich. Having returned to profitability in 2006, the NZZ division was able to improve its divisional result from CHF 4.7 million to CHF 13.1 million last year. According to the press release, both the main newspaper NZZ and NZZ am Sonntag contributed to this thanks to efficiency gains.
FPH exceeded the previous year's turnover and divisional result (+6.9 million francs to 34.2 million francs). According to the press release, Tagblatt-Medien took "a big step forward" in terms of earnings, while LZ-Medien confirmed its profitability.