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Letter to the shareholders /Annual Report
- Successful continuing development of business areas in Switzerland.
- Full acquisition of Impacta AG and Ecofer AG.
- Market exit from Romania and Montenegro completed.
- Additional long-term cost cuts.
- Positive financial performance and strong balance sheet.
- Dividend/special dividend of CHF 12 per share altogether.
In brief
- Slight 2.7% decrease in sales revenue in Switzerland to reach a total of CHF 289.1 million with a stable order portfolio in an overall declining advertising market.
- Following market exits from Romania and Montenegro completed according to strategy, sales revenue in the international segment decreased by an additional 25.9%. The share of international activities in group revenue thus falls to 5.0%.
- The EBITDA and EBIT margins were kept at a high level of 23.4% and 19.9% respectively.
2.9% Increase in net profit on an adjusted basis to CHF 47.7 million. - Free cash flow of CHF 60.1 million (prior year CHF 44.2 million)
- Net cash position of CHF 119.0 million (prior year CHF 86.5 million)
