TX Group Annual Report 2020

Dear Shareholders

As a broad-based media group and operator of popular platforms, our fortunes tend to reflect what is happening in wider society. It is hardly surprising therefore that the main impact on our businesses in 2020 was from coronavirus – the event that dominated the year. Luckily for us, however, the impact was not wholly negative. The crisis was hard to deal with, particularly with various activities still in a critical transformation phase and with us having introduced a new organisational structure. The employees and management of the TX Group and our companies have taken up these challenges. On behalf of the Board of Directors and Group Management, I would like to express our acknowledgement and sincere gratitude for the great commitment and valuable collaboration shown.