Goldbach Group AG
Goldbach Group AG: Goldbach Group increases revenue and profit
EQS Group-Ad-hoc: Goldbach Group AG / Key word(s): Half Year Results
Business performance in the first semester 2016 Revenue growth of 3.2% to CHF 234 million – operating result increased on EBITDA level by 12% – net result of CHF 3.7 million – major extensions and acquisitions of marketing mandates in the first semester – further streamlining in the Marketing Services segment through the sale of the Digital Presences business unit – positive financial outlook for 2016 confirmed – CMO Klaus Nadler leaves Goldbach. Küsnacht, 24.08.2016. The Goldbach Group, which is listed on the SIX Swiss Exchange, had a successful first semester in 2016. The Group increased its revenue in a challenging advertising marketplace by 3.2% against the prior-year period to CHF 234 million. Adjusted for divestments and currency effects, revenue growth was 4.6%. Operating profit before depreciation (EBITDA) came to CHF 13.3 million and operating profit (EBIT) was CHF 11.8 million, corresponding to growth of 12.2% and 10.1% respectively. As an indicator of operational profitability, the EBITDA margin increased to 5.7% during the period under review (prior year 5.2%). The successful sale of the Group’s operations in Poland was behind an extraordinary result of CHF +1.9 million, relative to CHF +0.7 million when the Group streamlined its business portfolio in the prior year. After taxes and minority interests, the net result attributable to the shareholders of the Goldbach Group thus came to CHF 3.7 million, compared to CHF 2.4 million in the prior year. Ad Sales Switzerland Swiss TV business continued to grow in 2016, posting a marked increase of 8.9%, in spite of our assessment that the advertising market contracted during the first semester and this year’s major TV events, such as the European Football Championships, are mainly being covered by public broadcasters. This success is partly due to the consistent growth of the Goldbach Media (Switzerland) AG channel portfolio, the popularity with advertisers of programmes screened by channels represented by Goldbach and a strong sales performance. Moreover, the early and multi-year extension of the marketing strategy with the media group RTL Deutschland in the first half of 2016 established a long-term working relationship with this important partner. The nomination of Goldbach Media (Switzerland) AG as the best marketer by advertising clients and media agencies at the Media Trend Awards (for the fifth consecutive year) was equally gratifying. Radio also performed well, although it did not quite reach the record revenue levels of the months following the abandonment of the euro minimum exchange rate in January 2015, which it wasn’t expected to do. The popularity of advertising formats on digital radio platforms such as Spotify is still growing. Goldbach has managed to position itself as a prominent leader in the strongly growing segment of online video advertising through its acquisition of exclusive marketing mandates for Zattoo and Teleboy. The company also entered into a strategic partnership with VICE, a rapidly growing media platform for young adults, and added the website transfermarket.ch to its sport segment. Goldbach Crossfactory and Goldbach SynchScreen were launched as innovative products in the first semester, enabling an extension of the TV brand presence in the online domain. It is worth highlighting that this offer enables programmes to be delivered via the mobile platform Splicky, which was acquired in 2015. Ad Sales Germany Ad Sales Austria Marketing Services Earnings and cash flow Outlook Change in the Executive Committee of the Goldbach Group Note to analysts, investors and media representatives The presentation and Goldbach Group AG’s 2016 interim report can be downloaded from our website: 8’289 Characters incl. spaces Further information: Goldbach Group Company Profile The Goldbach Group is listed on the SIX Swiss Exchange (Swiss Reporting Standard, security number 487094, ISIN CH0004870942, ticker symbol: GBMN), is based in Switzerland (Küsnacht-Zurich) and is active in German-speaking countries. Further information:
End of ad hoc announcement Additional features: Picture: http://newsfeed2.eqs.com/goldbachgroup/495263.html Subtitle: Kennzahlen Halbjahresbericht 2016 Goldbach Group Document: http://n.eqs.com/c/fncls.ssp?u=DAMTDJKEJB Document title: Press Release Interim Report 2016 Goldbach Group 2016-08-24 News transmitted by Tensid EQS AG. www.eqs.com |
Language: | English | |
Company: | Goldbach Group AG | |
Seestrasse 39 | ||
8700 Küsnacht-Zürich | ||
Switzerland | ||
Phone: | +41 44 914 91 00 | |
Fax: | +41 44 914 93 60 | |
E-mail: | info@goldbachgroup.com | |
Internet: | www.goldbachgroup.com | |
ISIN: | CH0004870942 | |
Valor: | 487094 | |
Listed: | Foreign Exchange(s) SIX | |
End of News | EQS Group News Service |