Jean Frey Group with slightly lower sales in 2005

As the Jean Frey Group announced on Tuesday, it closed the 2005 financial year with a 3.3 percent drop in sales to 93.2 million Swiss francs and a net profit after tax of 6.6 million Swiss francs. The overall result is described as "satisfactory". It is in line with the generally difficult economic conditions for the print media. The reduced volume of advertising orders is cited as the primary reason for the decline in earnings. Following the successful turnaround with intensive cost reductions in recent years, the Jean Frey Group is now focusing on investing in successful products, the press release continues. This refers in particular to the Beobachter and Weltwoche, both of which have increased their reach. No comparative figures are available for the business magazine Bilanz (due to the change in rhythm from a monthly title to a bi-weekly publication) and the TV program guide TV-Star (due to the rebranding).