Corporate earnings of Basler Zeitung Medien tripled
Basler Zeitung Medien was able to significantly improve its profitability in the 2004/2005 financial year.
The Basler Zeitung Medien has
Profitability improved in the 2004/2005 financial year. The
Net profit in the Group compared to the previous year
tripled. Consolidated operating income amounted to 2.648
million francs (previous year: 865,000 francs) with an EBITDA (profit
before interest, taxes, depreciation and amortization) of 27.65
million francs (previous year: 23.99 million). This is despite the fact that sales fell from 292.0 million to
276.2 million francs.
Despite the full amortization of investments in the relaunch of the Basler
newspaper, the result for the parent company was almost identical to the previous year. The
Operating income fell by CHF 44,000 to CHF 2.601 million. EBITDA amounted to 19.8 million
francs (previous year: 16.4 million francs). At 136.1 million francs, the
Sales again slightly down on the previous year (140.6 million).
CEO Beat Meyer and CFO Jürgen Hunscheidt emphasized last
Management meeting reiterated the need for strict cost management
against the backdrop of persistently weak earnings from the
advertising business and the continuing price erosion in the
printing industry. According to the company management, the current
The market situation is not expected to ease in the current financial year.
Following the sale of the specialist publishing house Rittmann, the film and
TV production company Allcomm Productions and the company specializing in services
Twohelfer Media, which specializes in training and seminars, in
Berne is the process of the transformation of the
Concentration of corporate activities completed.
Profitability improved in the 2004/2005 financial year. The
Net profit in the Group compared to the previous year
tripled. Consolidated operating income amounted to 2.648
million francs (previous year: 865,000 francs) with an EBITDA (profit
before interest, taxes, depreciation and amortization) of 27.65
million francs (previous year: 23.99 million). This is despite the fact that sales fell from 292.0 million to
276.2 million francs.
Despite the full amortization of investments in the relaunch of the Basler
newspaper, the result for the parent company was almost identical to the previous year. The
Operating income fell by CHF 44,000 to CHF 2.601 million. EBITDA amounted to 19.8 million
francs (previous year: 16.4 million francs). At 136.1 million francs, the
Sales again slightly down on the previous year (140.6 million).
CEO Beat Meyer and CFO Jürgen Hunscheidt emphasized last
Management meeting reiterated the need for strict cost management
against the backdrop of persistently weak earnings from the
advertising business and the continuing price erosion in the
printing industry. According to the company management, the current
The market situation is not expected to ease in the current financial year.
Following the sale of the specialist publishing house Rittmann, the film and
TV production company Allcomm Productions and the company specializing in services
Twohelfer Media, which specializes in training and seminars, in
Berne is the process of the transformation of the
Concentration of corporate activities completed.
