Tamedia increases profit and sales
At the Tamedia media group, rising digital revenues compensated for a structural decline in the print business in the first half of 2013. Print media revenues declined by more than 4 percent.
However, half-year sales rose by 6 percent year-on-year to CHF 536.8 million. This was announced by Tamedia in a communiqué on Thursday. In parallel to sales, operating profit Ebit also increased.
The EBIT margin was 11.9 percent (previous year: 11.7 percent). The bottom line was income from continuing operations of 54.8 million Swiss francs (previous year: 53.4 million Swiss francs). This corresponds to an increase of 2.6 percent. In contrast to the previous year, however, there are no longer any discontinued operations as of the balance sheet date, Tamedia continues. The overall result including discontinued operations is therefore lower at CHF 54.7 million than in the previous year at CHF 67.8 million.

The decline in sales in Print National was mainly due to the commuter newspaper 20 Minuten, 20 minutes, the women's magazine Annabelle and the Sunday newspaper, Tamedia said.

The Digital business segment reported a jump in revenues of 81.1 per cent from CHF 61.8 million to CHF 111.9 million. The pleasing development was due in particular to the first-time inclusion of Job Cloud (Tamedia share currently 62.9 per cent) and Fashion Friends (Tamedia share 65.0 per cent) for a full six months, as well as the first-time consolidation of Olmero/Renovero (Tamedia share 92.8 per cent) in April 2013. The news platforms 20 Minuten and Newsnet also reported a slight improvement in earnings, with an increase in revenues. Investments in the expansion of the directory platform Search.ch were reflected in a positive revenue performance, while the real estate portal Homegate.ch maintained revenues and earnings at a high level.
Tamedia expects the advertising market environment for print media to continue to decline in the second half of the year, the statement continues. In the coming months, the media group will therefore concentrate on improving earnings in the Print Regional and Print National business segments through measures to increase sales and efficiency, as well as investing further in digital offerings.
Following approval by the Swiss Federal Competition Commission, Tamedia plans to acquire 75 percent of the shares in the ticket marketer Starticket. In the classifieds and car advertising market, a cooperation with the Norwegian media company Schibsted is also planned, in which Tamedia will contribute Car4you.ch as well as Piazza.ch and Schibsted Tutti.ch.








