Goldbach Media: Turnover increased by 20.2 percent
Goldbach Media increased sales by 20.2 percent to CHF 139.4 million in the first half of 2009. Profit from continuing operations improved by 44.6 percent to CHF 8 million.
Goldbach Media increased sales by 20.2 percent to CHF 139.4 million in the first half of 2009. Profit from continuing operations improved by 44.6 percent to CHF 8 million. Earnings before interest and taxes (EBIT) grew by 10.5 percent to CHF 6.1 million. However, the profit attributable to shareholders fell by 52.5 percent to CHF 1.6 million, as the company, which is active in the advertising marketing of electronic, interactive and mobile media, announced on Thursday according to SDA.
Goldbach Media gained market share in the important online business in Switzerland, Austria and Germany. Overall, the company was also able to expand its market presence in the online business in the Eastern European markets. However, sales stagnated in the Czech Republic and declined in Romania. The advertising marketer is also feeling the effects of the economic crisis in Croatia. Golbach Media expects double-digit sales growth across the Group for the 2009 financial year. Due to currency effects, operating profit is only expected to grow at a single-digit rate.
Goldbach Media gained market share in the important online business in Switzerland, Austria and Germany. Overall, the company was also able to expand its market presence in the online business in the Eastern European markets. However, sales stagnated in the Czech Republic and declined in Romania. The advertising marketer is also feeling the effects of the economic crisis in Croatia. Golbach Media expects double-digit sales growth across the Group for the 2009 financial year. Due to currency effects, operating profit is only expected to grow at a single-digit rate.
