Letter to Shareholders / Annual Report 2019
Positive growth dynamic in Switzerland. Margin decline due to higher concession fees for strategic contracts. Strong expansion of the digital portfolio. Dividend of CHF 11 per share.
– Advertising revenues in Switzerland rise by 5.8% to CHF 304.0 million.
– Currency-related decline in advertising revenues of 2.6% in Serbia
– EBITDA margin: 19.2% (prior-year period: 23.9%)
– EBIT margin: 16.0% (prior-year period: 19.5%)
– Consolidated net income of CHF 41.8 million (-11.3%)
– Stable free cash flow of CHF 41.6 million.
- Letter to Shareholders