Top of the week: Tamedia increases profit by over 60 percent
Tamedia increases profit by over 60 percent in 2011 Sales rose by 48.3 percent or CHF 360.1 million to CHF 1.105 billion.
The media of Edipresse Suisse and other acquisitions contributed CHF 348.4 million to the increase. The operating result before depreciation and amortization (EBITDA) rose by CHF 79.8 million or 54.8 per cent to CHF 225.6 million, as Tamedia announced on Wednesday. The EBITDA margin rose from 19.6 percent in the previous year to 20.4 percent. The operating result (EBIT) rose by 48.9 percent or CHF 55.4 million and now stands at CHF 168.8 million. The EBIT margin improved slightly from 15.2% in the previous year to 15.3%. At CHF 178.8 million, the 2011 result is 61.4% or CHF 68.0 million higher than the previous year's figure of CHF 110.8 million. In the past twelve months, a total of 21 media and participations were sold as part of the implementation of the renewed corporate strategy. Sales prices totaling CHF 103.0 million were achieved, of which CHF 17.1 million relate to the 2011 financial year. The book profit amounted to CHF 25.6 million, of which CHF 4.9 million was recognized in the income statement in the reporting year.
