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Letter to Shareholders / Annual Report 2023
[Ad hoc announcement pursuant to Art. 53 LR]
Positive growth dynamic. Increased profitability and strong balance sheet. Consistent expansion of the digital service portfolio. Dividend of CHF 11 per share.
In brief
– Advertising revenues in Switzerland increase by 4.8% to CHF 311.3 million
– Advertising revenues in Serbia increase by 6.8% to CHF 14.3 million
– EBITDA margin: 12.8% (previous year: 12.8%)
– EBIT margin: 9.7% (previous year: 9.4%)
– Consolidated net income of CHF 26.8 million (previous year: CHF 23.4 million)
– Free cash flow of CHF 31.3 million (previous year: CHF 14.0 million)
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