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The ongoing pressure on the traditional media industry requires a fundamental transformation Tamedia prepares for the future

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The ongoing pressure on the traditional media industry requires a fundamental transformation Tamedia prepares for the future

TX Group / Keywords: Half-year results / Strategic business decision
The ongoing pressure on the traditional media industry requires a fundamental transformation Tamedia prepares for the future

27-08-2024 / 03:30 CET/CEST
Publication of an ad hoc notice pursuant to Article 53 LR
The publisher is solely responsible for the content of this communication.

The half-year results of TX Group reflect the current opportunities and challenges: the digital platforms JobCloud (50%) and SMG Swiss Marketplace Group (30.73%) are operating successfully. Goldbach, 20 Minuten and Tamedia have been confronted with continuous changes in the media and advertising sector for years. These require a fundamental reorganization and a reduction in complexity.

Thanks to inorganic growth at Goldbach Neo in out-of-home advertising, total revenues remained stable (Clear Channel Switzerland, acquired in 2023, was only consolidated for three out of six months in the previous year). In organic terms, Group revenues decreased by 6.3% compared to the same period in the previous year. Advertising revenues at Tamedia and 20 Minuten as well as the printing business declined. Lower costs for materials (particularly paper) and services and lower organic personnel costs compensated for the decline in revenues.

Swiss Marketplace Group SMG continued to perform exceptionally well, delivering strong growth in all areas of the business. Both the range of services offered and the market position were strengthened. JobCloud was confronted with a declining labor market: revenue and operating profit declined, while the margin remained at an attractive level.

Key figures

30.06.2024

in CHF mn

30.06.2023

in CHF mn

Change4

in percent

TX Group

Income

461.0

460.5

0.1%

Operating profit / (loss) before depreciation and amortization (EBITDA)

95.8

86.7

10.6%

Margin in %1

20.8

18.8

2.0p

Operating profit / (loss) (EBIT)

23.5

21.4

9.7%

Margin in %1

5.1

4.7

0.4%p

Operating profit (EBIT-adj.)

56.5

54.3

4.1%

Margin in %1

12.3

11.8

0.5%p

Net Income/(Loss) (EAT)

24.5

13.7

79.4%

Margin in %1

5.3

3.0

2.4%p

Net Income / (Loss) (EAT adj.)

48.4

46.4

4.4%

Margin in %1

10.5

10.1

0.4%p

Cash flow from / (used in) operating activities

98.6

111.7

-11.7%

Cash flow after investing activities in tangible fixed assets and intangible assets (FCF b. M&A)

82.4

91.1

-9.5%

Cash flow after investing activities (FCF)

88.6

74.5

18.8%

Total assets 2

3260.1

3429.1

-4.9%

Equity (in %)2,3

75.9

75.1

0.7%p

TX Markets

Income

63.0

70.4

-10.5%

EBIT adjustment

49.4

55.5

-11.0%

Margin in %1

78.5

78.9

-0.5%p

Goudbach

Income

134.0

109.7

22.2%

EBIT adjustment

7.2

-0.6

after

Margin in %1

5.3

-0.5

5.9%p

20 minutes

Income

49.2

52.0

-5.3%

EBIT adjustment

2.5

2.2

15.2%

Margin in %1

5.1

4.2

0.9%p

Tamedia

Income

203.3

222.7

-8.7%

EBIT adjustment

5.4

6.1

-11.7%

Margin in %1

2.6

2.7

-0.1%p

Group & Companies

Income

79.4

79.4

0.0%

Margin e.g.

-7.7

-9.5

-19.4%

Margin in %1

-9.7

-12.0

2.3%p

1 As a percentage of turnover; 2 Values ​​as of 31.12.2023; 3 Equity/Total assets; 4 No indication is given for changes in comparative variables with different signs (na). The change in relative values ​​(e.g. margins) is given in percentage points (p).

Alternative performance indicators: TX Group uses the following alternative performance indicators: Operating profit before depreciation and amortization (EBITDA), Operating profit before effects of business combinations (EBIT b. PPA), Cash flow after investing activities in property, plant and equipment and intangible assets (FCF b. M&A), Normalized consolidated income statement (key figures of the normalized consolidated income statement are indicated as adjusted, e.g. EBIT adj.)

Contact
Ursula Nötzli, Chief Communications & Sustainability Officer, Member of the Board of Directors
+41 79 462 52 45, [email protected]

About TX Group
The TX Group is a network of platforms and participations that offers users daily information, orientation, entertainment and assistance for everyday life. Its roots lie in journalism with the diverse newspapers of Tamedia and the free media of 20 Minuten. The portfolio is complemented by the advertising marketer Goldbach. The TX Group is an anchor shareholder of the SMG Swiss Marketplace Group and JobCloud, has majority stakes in Doodle and Zattoo and is an investor in the fintech sector via TX Ventures. TX Group was founded in 1893 and has been listed on the Swiss stock exchange since 2000.
www.tx.groep

End of Inside Information

Language:

English

Company:

TX Group

Werdstraße 21

8021 Zurich

Switzerland

Internet:

www.tx.groep

ISIN code:

CH0011178255

Courage:

1117825

Please mention:

SIX Swiss Stock Exchange

EQS News ID:

1975319

End of the announcement

EQS News Service

1975319 27-08-2024 Central European Time/Central European Time

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