Top of the Week: LZ Medien with Record Sales
The LZ Group generated record revenue of 166.4 million Swiss francs in fiscal year 2010. This represents a 4.6 percent increase over the previous year.
Operating profit almost doubled to CHF 15.6 million. Group profit amounted to 12.0 million francs. Following the dramatic economic downturn in 2009, the markets showed a slight recovery from the second half of the year onwards, according to a statement from the LZ Group. All business divisions took advantage of this environment and, together with the cost-saving measures introduced in 2010, operating results improved significantly. The growth in sales is mainly the result of higher advertising income and the income from Tele 1, which was fully integrated in the year under review, according to the statement. The economic recovery benefited advertising revenues in particular. These increased by CHF 3.9 million to CHF 50.3 million, also thanks to the acquisition of Anzeiger Luzern. An increase of 1.3 million francs (or 3.1 percent) to a total of 42.0 million francs was recorded in subscription and individual sales.
