Top of the week: Südostschweiz Medien increases turnover and profit
Südostschweiz Medien closed out the 2010 fiscal year with a slight increase in revenue and improved profits.
According to the company, the media year 2010 was characterized by major uncertainties. Nevertheless, Südostschweiz Medien was able to record a 2 percent higher turnover than in the previous year (CHF 132 million) with gross revenues of CHF 135 million. Thanks to an internal efficiency, savings and sales increase program, EBITDA improved by 12 percent to CHF 8.3 million (previous year: CHF 7.4 million). Net profit after tax amounted to 3 million francs (2009 -0.1 million francs). According to the press release, the past year was characterized by restructuring. CHF 6 million was invested in new printing presses. The digital offerings in the news area were expanded and the editorial teams were prepared for convergent forms of work in a newsroom with a comprehensive training program. Planning work for the new media building, which is to be built on the Rossboden site in Chur by the end of 2013, was also pushed ahead.
