Tamedia continues to grow
Thanks to significant growth in its newspaper business and lower write-downs, the Zurich-based media company Tamedia posted a substantial profit in 2006. The profit climbed by 23.4 percent to 98.4 million francs.
The Zurich-based media company Tamedia was able to post a significant profit in 2006 thanks to a considerably increased newspaper business and lower depreciation. This climbed by 23.4 percent to 98.4 million Swiss francs. Group sales increased by eleven percent to CHF 723.6 million. Growth at 20 Minuten and in job advertisements as well as the integration of the Thurgauer Zeitung contributed to this increase in turnover of 73.5 million francs. The operating result improved by nine percent to 139 million francs, as Tamedia announced on Tuesday.
The Newspapers division increased sales by 10.4 percent to CHF 492 million. The newly launched French-speaking Swiss commuter newspaper 20 Minutes also made a significant contribution to growth, while the four regional editions of Tages-Anzeiger only had a minor impact on sales due to their launch in November.
Depreciation and amortization was significantly lower this year. In the previous year, Tamedia had to write off around CHF 7.3 million at Radio Basilisk and Büry Verlag. The Board of Directors is proposing a dividend of CHF 3 per share.
Tamedia is not making any concrete statements for the current year. Growth in job advertisements is likely to continue as the labor market continues to recover. Online advertising should develop positively. For the media company, the focus is on the sustained improvement in the weekly newspaper market and in particular at Facts, the regionalization of the Tages-Anzeiger and the implementation of the newspaper cooperation Nordostschweiz.
The Newspapers division increased sales by 10.4 percent to CHF 492 million. The newly launched French-speaking Swiss commuter newspaper 20 Minutes also made a significant contribution to growth, while the four regional editions of Tages-Anzeiger only had a minor impact on sales due to their launch in November.
Depreciation and amortization was significantly lower this year. In the previous year, Tamedia had to write off around CHF 7.3 million at Radio Basilisk and Büry Verlag. The Board of Directors is proposing a dividend of CHF 3 per share.
Tamedia is not making any concrete statements for the current year. Growth in job advertisements is likely to continue as the labor market continues to recover. Online advertising should develop positively. For the media company, the focus is on the sustained improvement in the weekly newspaper market and in particular at Facts, the regionalization of the Tages-Anzeiger and the implementation of the newspaper cooperation Nordostschweiz.
