Revenues
Revenues increased by CHF 21.6 million or 2.3 per cent compared with the previous year from CHF 935.8 million to CHF 957.4 million. Without the effects of changes to the group of consolidated companies (deconsolidation of TX Markets companies in 2021 and of both Olmero AG and Trendsales ApS in 2020), the increase in revenues would have amounted to around CHF 50.5 million.
Advertising revenue
Advertising revenue grew by CHF 18.9 million or 7.8 per cent during the reporting year to CHF 260.6 million. So advertising revenue accounts for 27.2 per cent of total revenues (previous year: 25.8 per cent). Disregarding the changes to the group of consolidated companies, the increase in advertising revenue would have been CHF 20.8 million. This increase is attributable to the general recovery on the advertising market in 2021, after 2020 had seen a massive decline in advertising revenues and cancellations as a result of the coronavirus crisis.
Revenue from classifieds & services
The revenue from classifieds & services for 2021 amount to CHF 285.4 million, which is CHF 1.4 million above the previous year (CHF 284.1 million). Again disregarding the effects of changes to the group of consolidated companies, an increase of CHF 25.7 million would have been recorded. Revenue in the previous year was still down due to the coronavirus crisis. Revenue from classifieds & services account for 29.8 per cent of total revenues (previous year: 30.4 per cent).
Revenue from commercialisation and intermediary activities
The increase in revenue from commercialisation and intermediary activities of CHF 7.5 million to CHF 79.9 million is a result of the improved situation on the advertising market. In 2021, revenue from commercialisation and intermediary activities contributed 8.3 per cent (previous year: 7.7 per cent) of the total revenues for TX Group.
Revenue from subscriptions and individual sales
Revenue from subscriptions and individual sales of paid media decreased slightly by 1.1 per cent from CHF 241.8 million to CHF 239.1 million. The trend of revenue from the sale of printed newspapers and magazines decreasing, while the sale of digital subscriptions is increasing, continued to apply in 2021 as well. Revenue from subscriptions and individual sales contributed 25.0 per cent (previous year: 25.8 per cent) of the total revenues for the TX Group.
Revenue from print and logistic operations
| in CHF 000 | 2021 | 2020 | ||
|---|---|---|---|---|
| Newspaper printing | 39 684 | 41 616 | ||
| Other printing revenues | 15 001 | 18 239 | ||
| Transport | 12 582 | 12 694 | ||
| Total | 67 268 | 72 549 | ||
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Revenue from print and logistic operations reduced by CHF 5.3 million in 2021 from CHF 72.5 million to CHF 67.3 million, which equates to a decline of 7.3 per cent. CHF 1.9 million of the decline is attributable to changes to the group of consolidated companies (sale of Olmero AG in 2020). The lower price of paper compared with the previous year led to a further reduction in revenue from print and logistic operations. There have been no real changes in terms of print titles.
Other operating revenue
| in CHF 000 | 2021 | 2020 | ||
|---|---|---|---|---|
| Gain on buildings used for operational purposes | 3 460 | 3 391 | ||
| Sale of out-of-home technologies and digital solutions | 1 513 | 1 514 | ||
| Marketing services including sales and services or marketing concepts | 9 642 | 8 482 | ||
| Various items | 8 803 | 8 044 | ||
| Total | 23 419 | 21 432 |
Other operating revenue increased by CHF 2.0 million to CHF 23.4 million. The material items of other operating revenue can be seen in the table above.
Both gain on buildings used for operational purposes in the amount of CHF 3.5 million (previous year: CHF 3.4 million) and the sale of out-of-home technology and digital solutions to the value of CHF 1.5 million (previous year: CHF 1.5 million) remained stable compared with the previous year. Revenues from marketing services, including sales and services or marketing concepts, increased by CHF 1.2 million to CHF 9.6 million. The various items incorporate a variety of revenue sources such as income from the staff restaurant, income from management fees and services involving associates or third parties, merchandise revenues, sale of petrol, handling fees, dispatch costs and other items which would not be material on their own.
Other income
| in CHF 000 | 2021 | 2020 | ||
|---|---|---|---|---|
| Gain on disposal of property, plant and equipment | 42 | 1 132 | ||
| Various items | 1 573 | 692 | ||
| Total | 1 615 | 1 824 |
In 2021, there was no material income from gain on disposal of property, plant and equipment, while the profit from the sale of Renovero was recognised in the previous year in the amount of CHF 1.1 million. The various items include, among other things, hardship payments for Neo Advertising AG in the amount of CHF 0.8 million.