Goldbach grows strongly thanks to Energy sale
Goldbach Media's half-year figures show the advertising marketer with a jump in profits. The sale of Radio Energy to Ringier in particular contributed to the net profit of CHF 12.1 million.
Goldbach Media's half-year figures show the advertising marketer with a jump in profits. The sale of Radio Energy to Ringier contributed to the net profit of CHF 12.1 million, with the sale of the radio station alone contributing CHF 11 million to Goldbach Media's coffers, according to SDA. Operating profit before interest and taxes (EBIT) jumped 58.9 percent to CHF 4.3 million. But the newcomer to the stock exchange also had a formidable half-year, with total sales climbing by 18.3 percent to 104.4 million francs.
Interactive and mobile media picked up strongly, with Goldbach increasing sales in these areas by 46.6% to CHF 23 million. The traditional advertising marketing business also performed very well, increasing by 12.2 percent to a total of CHF 81.8 million.
Goldbach is forecasting organic growth of over 10 percent and an increase in operating profit of between 12 and 15 percent for 2007 as a whole. Goldbach Media ended the past year with sales of CHF 199.5 million and a profit (before interest and taxes) of CHF 15.2 million.
Interactive and mobile media picked up strongly, with Goldbach increasing sales in these areas by 46.6% to CHF 23 million. The traditional advertising marketing business also performed very well, increasing by 12.2 percent to a total of CHF 81.8 million.
Goldbach is forecasting organic growth of over 10 percent and an increase in operating profit of between 12 and 15 percent for 2007 as a whole. Goldbach Media ended the past year with sales of CHF 199.5 million and a profit (before interest and taxes) of CHF 15.2 million.
