Publigroupe with profit slump in 2011
Publigroupe suffered a sharp drop in profits in fiscal year 2011. Net income came in at 14.6 million Swiss francs, a 66 percent decrease from the previous year. Revenue fell by 12 percent to 1.3 billion Swiss francs.
The good result in the online and Search & Find business only partially compensated for the unsatisfactory result in Media Sales. The advertising business (Media Sales) slipped back into the red in 2011 with a negative operating result of CHF 10.9 million. This was reported by the advertising marketer on Friday. Media Sales turnover fell by 13 percent to CHF 1.026 billion.
The operating result for the entire Group in 2011 was 6 percent lower than in the previous year: around CHF 30.5 million. Publigroupe expects strong growth in all online businesses in the current 2012 financial year. Further investments are also planned there. The Group is to replace its CEO Hans-Peter Rohner in the third quarter of 2012. The company will announce more details in April.
(Teaser image: Keystone)
