Tamedia: Sales growth thanks to digital revenues
Tamedia reported growth in both revenue and profit for 2014. While the increase in revenue was primarily driven by the digital business, Tamedia was able to improve its profit margin across all business segments.
The Tamedia Group's sales rose by 4.2 percent to 1.115 billion Swiss francs. The media company's operating profit (EBIT) increased by 25.8 per cent to 160.6 million Swiss francs, while net income rose by more than a third to 159.7 million Swiss francs thanks to the book profit from the sale of Publigroupe shares.
In addition to the classified ad platforms such as Homegate.ch and Jobs.ch, the payment models of the Tages-Anzeiger and Der Bund websites also contributed to the growth of the digital business, according to the media communiqué issued on Thursday. The digital division grew organically by 11.2 percent, including acquisitions by 16.4 percent. The division's turnover amounted to CHF 272.9 million Digital services now account for around 24 percent of the Group's turnover. As the internet platforms are more profitable than the traditional print business, the digital business already accounts for almost 33 percent of profits before depreciation and amortization.
In the Print National division, which mainly consists of commuter newspapers such as 20 Minuten and magazines, sales fell by 5.2 percent to CHF 357.2 million. At the same time, the division's profit rose by 10.8 percent to CHF 66.0 million. The division was characterized by declining income from advertising, measures to increase efficiency and investments in the Danish commuter newspaper Metroexpress. The decline in advertising income was also noticeable in the Print Regional business division, which mainly consists of paid daily newspapers. Thanks to the takeover of Ziegler Druck- und Verlags AG, however, the division's turnover increased by 3.8 percent to CHF 540.9 million. Profit before depreciation in this division was 10.9 percent higher and amounted to CHF 89.7 million. (SDA)
|
Key figures |
2013 |
2013 |
Change |
|
|
CHF |
in CHF million |
in % |
|
Tamedia Group |
|
|
|
|
Sales |
1 114.5 |
1 069.1 |
4.2 |
|
Operating result before depreciation and amortization (EBITDA) |
230.9 |
197.1 |
17.2 |
|
Margin (in %) |
20.7 |
18.4 |
|
|
Operating result (EBIT) |
160.6 |
127.7 |
25.8 |
|
Margin (in %) |
14.4 |
11.9 |
|
|
Result |
159.7 |
119.1 |
34.1 |
|
Earnings per share (in CHF) |
13.81 |
10.68 |
29.2 |
|
Dividend per share (in CHF) |
4.501 |
4.00 |
12.5 |
|
|
|
|
|
|
Cash flow from operating activities |
201.7 |
185.1 |
9.0 |
|
Balance sheet total |
2 156.2 |
2 176.6 |
-0.9 |
|
Equity ratio (in %)2 |
67.6 |
64.5 |
|
|
|
|
|
|
|
Print Regional |
|
|
|
|
Turnover (operating income) |
540.9 |
521.2 |
3.8 |
|
thereof intersegment |
51.8 |
59.1 |
-12.3 |
|
EBITDA |
89.7 |
80.9 |
10.9 |
|
EBITDA margin (in %)3 |
16.6 |
15.5 |
|
|
Print National |
|
|
|
|
Turnover (operating income) |
357.2 |
376.7 |
-5.2 |
|
thereof intersegment |
2.9 |
2.6 |
14.4 |
|
EBITDA |
66.0 |
59.5 |
10.8 |
|
EBITDA margin (in %)3 |
18.5 |
15.8 |
|
|
Digital |
|
|
|
|
Turnover (operating income) |
272.9 |
233.3 |
17.0 |
|
thereof intersegment |
1.7 |
0.4 |
319.1 |
|
EBITDA |
75.3 |
56.7 |
32.9 |
|
EBITDA margin (in %)3 |
27.6 |
24.3 |
|
|
|
|
|
|
|
Average number of employees |
3 471 |
3 394 |
|
1 Proposal of the Board of Directors
Equity to total assets
3 The margin relates to sales
