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Letter to Shareholders / Annual Report 2017

28.02.18

- Downturn in revenues caused by reduced advertising inventory.

- Profitability in operating business margins at a high level.

- Financial situation very sound.

- Dividend/special dividend totaling CHF 24 per share.

In brief (adjusted for one-time effects)

  • Group-wide sales revenues fell by 4.7% to CHF 300.7 million.
    _ Reduced advertising inventory caused sales revenues in Switzerland to fall by 5.1%
    _ Positive market developments in Serbia resulted in a 5.9% rise in sales revenues
  • Operative margins reached a high level:
    _ EBITDA margin: 24.5% (previous year 24.8%)
    _ EBIT margin: 20.1% (previous year 20.9%)
  • Slight fall of 3.5% in net income to CHF 50.7 million.
  • Free cash flow of CHF 37.6 million (previous year CHF 33.2 million).

 

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Letter to Shareholders / Annual Report 2017