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Letter to Shareholders / Annual Report 2021
[Ad hoc release as per Art. 53 LR]
Significant influence of the pandemic on financial year 2021.
Improved margins through cost-reduction program.
Financial situation very sound.
Dividend of CHF 11 per share.
In brief (adjusted for one-time effects)
– Advertising revenues in Switzerland increase by 0.3% to CHF 251.6 million
– Increase in advertising revenues in Serbia of 32.7% to CHF 14.6 million
– EBITDA margin: 9.6% (prior-year period: 8.5%)
– EBIT margin: 5.7% (prior-year period: 4.5%)
– Consolidated net income of CHF 12.7 million (prior-year period: CHF 9.5 million)
– Free cash flow of CHF 5.5 million (prior-year period: CHF 19.8 million)
