Letter to Shareholders APG|SGA AG - Half-year report 2015

July 30, 2015

Sales revenue on the rise and market shares gained in overall Swiss advertising market.
Positive margin performance on high level.
Stable contract portfolio and high customer satisfaction.

In brief

Sales revenue on the rise in Switzerland by 3.6% to CHF 148.2 million.
Share of sales from foreign companies falls to 3.2% of consolidated revenue.
Increased operating performance:
– 5.9% Increase in EBITDA to CHF 39.6 million.
– 5.5% Increase in EBIT to CHF 33.9 million.
Increase in EBITDA margin to 25.4% and in EBIT margin to 21.7% thanks to economies of scale and further process optimization.
Net income of CHF 25.5 million slightly increased year-on-year.