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Letter to Shareholders / Annual Report 2019

27.02.20

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.

In brief
– 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.
 

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Letter to Shareholders