Goldbach Group: Significant increase in sales
In the first half of 2011, the Goldbach Group increased its revenue by 38 percent to 210 million euros. Excluding the impact of fluctuating exchange rates, the company, which operates throughout Europe, would have increased its revenue by more than 40 percent.
The advertising marketer made particularly strong gains in television and radio advertising. The company has received significant mandates, Goldbach announced on Friday, according to SDA. These should further increase revenues this year. Since the beginning of the year, Goldbach has had the channels Sat.1, Kabel eins and 3+ in its marketing portfolio.
The Group is also currently receiving a boost from the high demand for online marketing. At 14.5 million Swiss francs, operating profit is twice as high as in the same period last year, while net profit rose by only 1 percent to 3.1 million Swiss francs. The sale of a print business in Romania resulted in a charge of around 700,000 francs, according to Goldbach.
The company expects double-digit growth in sales and operating profit in the current year. Goldbach describes its service concept as innovative and intends to use it to defy growing economic concerns and fluctuating foreign exchange markets.
