Tamedia prepared
Third-Quarter Results: Tamedia Increases Consolidated Net Income by Over 55 Percent. The publishing company has invested heavily and plans to continue expanding.
Group result by over 55 percent. The publishing house has invested heavily
and acquired - including 20 Minuten and the Thurgauer Zeitung - and intends to expand further. The consolidated result for the
The net profit for the 2005 financial year amounted to CHF 79.7 million. The
corresponds to an increase of 55.6 percent. The turnover of 650
million francs grew by 14.7 percent. The increase of 112.2
million francs is attributable to the acquisition of 20 Minuten AG and the
Huber & Co AG in Frauenfeld, the publisher of the Thurgauer
newspaper. The operating result improved by 23.4
percent to 127.2 million francs. With these key figures, the
house on Zurich's Werdstrasse with, according to publisher Hans Heinrich
Coninx "very pleasing business result".
In the past financial year, Tamedia spent 195 million francs
own funds, the majority of which was invested in the two large
purchases. 20 million francs were invested in property, plant and equipment and
the remainder to the purchase from Winterthur-based Ziegler Druck und Verlags
AG, the publisher of Landbote, and for Homegate. In the
financial year, Tamedia has crossed a few borders, such as that of the
Röstigraben with 20 minutes in French-speaking Switzerland and an extension with 20 minutes in Italian-speaking Switzerland.
minutes to eastern Switzerland.
Tamedia intends to continue
successful financial year - in contrast to previous years
loss-making expeditions into the television business - no longer in
illusions, but will continue to invest in its core business, said
recently at the annual results media conference. The acceleration of the
Regionalization strategy for the Tamedia flagship Tages-Anzeiger
had already been communicated by the Group in advance. Around 65 jobs
are to be created in four additional regional editorial offices for the time being.
Tamedia also intends to introduce a new advertising system by 2007 at the latest.
integrate all titles into advertising sales. According to CEO Martin Kall
The costs of the largest advertising marketer PubliGroupe
"exorbitantly high", as can be observed in the case of the Thurgauer Zeitung
is. Kall is convinced that Tamedia can do this at a more favorable level.
can afford. Kall saw the tepid economic situation in the print sector as a
major challenge in connection with the repeatedly announced
Tamedia's expansion plans. If the potential
takeover companies is not too rosy, the chances for Tamedia are increasing.
for a successful shopping trip. According to Kall, the wish list is
long. The Zurich regional newspapers are likely to be at the top of the list.
are currently within the sphere of influence of NZZ and PubliGroupe.
René Worni
