Goldbach Media: Strong growth in online business
In 2008, the Goldbach Media Group earned CHF 17.6 million on the bottom line, more than 30 percent less than in the previous year. However, the company was able to increase sales by 11.8 percent to CHF 264.9 million. In the online sector alone, this amounted to CHF 80.23 million.
In 2008, the Goldbach Media Group earned CHF 17.6 million on the bottom line, more than 30 percent less than in the previous year, as the Group announced on Thursday. In 2007, however, the sale of Radio Z and Radio Ri had generated one-off income of around CHF 12.5 million for the company. Goldbach increased its turnover by 11.8 percent to CHF 264.9 million.
However, business was also good in operational terms: operating profit (EBIT) increased by
13.7 percent to CHF 20.3 million. The Board of Directors will propose the payment of a dividend of CHF 0.57 per share for 2008. Sales in the online segment alone amounted to CHF 80.23 million. With growth of 48.8 percent, the online segment thus grew disproportionately.
Adjusted for the companies acquired in Croatia, Slovenia, Poland, the Czech Republic, Romania and Russia in 2008, sales growth in this segment amounted to 15.2%.
The company also announced that international business had grown significantly by 79.3 percent. It now accounts for 13.7 percent of total revenue. The Group had made a pleasing start to 2009 and the number of orders in the online segment had developed positively. However, the company expects negative currency effects, particularly in the Eastern European business abroad.
Goldbach intends to make further acquisitions in the current year if the opportunity arises and to further increase the share of online business to between 35 and 40 percent and that of international business to between 20 and 25 percent.
However, business was also good in operational terms: operating profit (EBIT) increased by
13.7 percent to CHF 20.3 million. The Board of Directors will propose the payment of a dividend of CHF 0.57 per share for 2008. Sales in the online segment alone amounted to CHF 80.23 million. With growth of 48.8 percent, the online segment thus grew disproportionately.
Adjusted for the companies acquired in Croatia, Slovenia, Poland, the Czech Republic, Romania and Russia in 2008, sales growth in this segment amounted to 15.2%.
The company also announced that international business had grown significantly by 79.3 percent. It now accounts for 13.7 percent of total revenue. The Group had made a pleasing start to 2009 and the number of orders in the online segment had developed positively. However, the company expects negative currency effects, particularly in the Eastern European business abroad.
Goldbach intends to make further acquisitions in the current year if the opportunity arises and to further increase the share of online business to between 35 and 40 percent and that of international business to between 20 and 25 percent.
