Letter to Shareholders / Annual Report 2025

[Ad hoc announcement pursuant to Art. 53 KR] Strong revenue performance in Switzerland despite a declining overall advertising market. Significant contract renewals and successful bids. Operating profit in line with the previous year (adjusted for the sale of property in 2024). Dividend of CHF 12 per share for the 2025 financial year.

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– Advertising revenue in Switzerland: CHF 312.9 million (+0.3%)
– Advertising revenue in Serbia: CHF 14.2 million (−6.5%)
– EBITDA margin: 13.1% (previous year: 13.9%)
– EBIT margin: 10.1% (previous year: 11.0%)
– Consolidated profit of CHF 27.1 million, down 10.6 per cent (previous year: CHF 30.3 million)
– Free cash flow of CHF 32.4 million, down 13.2 per cent (previous year: CHF 37.3 million)

Further information and download the 2025 Annual Report