TX Group’s total sales remain stable
Published: Tuesday, Aug 27th 2024, 05:10
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TX Group's total revenues remained stable in the first half of 2024. The digital platforms had a positive impact, while falling advertising income at Tamedia and "20 Minuten" and the declining print business had a negative effect.
The TX Group's reported revenue amounted to CHF 461 million in the first half of 2024 (previous year: CHF 460.5 million), as the TX Group wrote in its press release on Tuesday on the half-year results.
Total revenue remained stable thanks to the inorganic growth of Goldbach Neo in out-of-home advertising. The increase in revenue compared to the previous year was due to the integration of the out-of-home advertising company Clear Channel Switzerland, which was acquired in April 2023. However, organic revenue fell by 6.3% compared to the prior-year period. However, lower organic personnel costs and lower costs for materials - such as paper - and services compensated for the decline in revenue.
Business with digital platforms developed well in the past six months. According to the press release, the Swiss Marketplace Group (SMG) recorded strong growth. This includes platforms such as tutti.ch and Homegate. Sales of the job placement platform Jobcloud were down on the previous year. The Group attributed this to the subdued economic development and the very high level of sales in the previous year.
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