The failure to expand abroad, particularly in Greece, is costing the outdoor advertising company Affichage dearly. The 2010 financial year ended with a loss of 52.3 million Swiss francs. Affichage now wants to concentrate on its home market. Sales fell by 10.5 percent to 304.3 million francs, as the company announced on Wednesday according to SDA. This reflects the generally negative development abroad and currency effects. The net loss is characterized by value adjustments in foreign activities. They cost Affichage CHF 70.8 million. Without these write-downs, a profit of CHF 15.1 million would have been recorded. Affichage had already had to write down CHF 82.6 million in 2009, resulting in a consolidated loss of CHF 59.1 million. The renewed value adjustments were made in Greece, Bulgaria, Romania, Hungary, Serbia and Bosnia. The operating result (EBIT) for 2010 was a loss of CHF 39.1 million (previous year: CHF -65.2 million). Foreign sales shrank by almost half to CHF 45.2 million.