Goldbach Media: Profit doubled in 2007
The Goldbach Media Group, which is active in advertising marketing, doubled its profit last year. On balance, the company earned CHF 25.4 million.
The Goldbach Media Group, which is active in advertising marketing, doubled its profit last year. On balance, the company earned CHF 25.4 million (previous year: CHF 12.6 million). The sale of the subsidiary Radio Z and its associated Radio Ri generated one-off financial income of CHF 12.5 million for the Goldbach Media Group, as detailed in a press release issued on Thursday. The Board of Directors intends to pay a dividend of CHF 0.38 per share for 2007. In addition, due to the sale of Radio Z, a special dividend of 1 franc per share will be paid. However, business was also good in operational terms: operating profit increased by 17.7 percent to CHF 17.8 million. Net sales climbed by 18.8 percent to 237 million francs. With growth of 57.5 percent, the online segment grew disproportionately. The online business accounted for 22.7% of total sales.
The Group expects double-digit growth in sales and operating profit for 2008. Goldbach also wants to grow through acquisitions, it said at the annual media conference in Zurich. The focus is on Eastern European markets in particular. The online segment in particular is expected to grow.
Despite the optimistic outlook and figures in line with analysts' expectations, Goldbach shares initially came under pressure on Thursday. By the afternoon, the shares were down 4.1 percent at CHF 47. In market circles, the falls were attributed to corrections following the strong share price performance in recent days.
The Group expects double-digit growth in sales and operating profit for 2008. Goldbach also wants to grow through acquisitions, it said at the annual media conference in Zurich. The focus is on Eastern European markets in particular. The online segment in particular is expected to grow.
Despite the optimistic outlook and figures in line with analysts' expectations, Goldbach shares initially came under pressure on Thursday. By the afternoon, the shares were down 4.1 percent at CHF 47. In market circles, the falls were attributed to corrections following the strong share price performance in recent days.
