Affichage: More sales and less profit in 2008
The billboard advertising group Affichage grew significantly last year: Sales revenue rose by 17 percent to 452 million francs. Profit, however, declined.
The poster advertising group Affichage grew strongly last year: sales revenue increased by 17 percent to CHF 452 million. However, profits declined, as Affichage announced on Thursday according to SDA. Earnings before interest and taxes (EBIT) shrank by 4.3 percent to 52.6 million francs in 2008, while net profit fell by more than half to 29.7 million francs. However, a large part of this fall in bottom-line profit is due to a special factor: The absence of an extraordinary capital gain reduced net profit by 27.4 million francs.
Managing Director Christian Kauter has decided not to take early retirement as planned in order to maintain continuity in difficult economic times, according to the statement. The dividend will be halved to CHF 4.4 per share.
Managing Director Christian Kauter has decided not to take early retirement as planned in order to maintain continuity in difficult economic times, according to the statement. The dividend will be halved to CHF 4.4 per share.
