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TX Group Half-Year Report 2021
TX Group Half-Year Report 2021
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Segment information

in CHF mn   TX Markets   Goldbach   20 Minuten   Tamedia   Group &
Ventures		   Eliminations
and reconci-
liation IAS 19		   Total
 
As of 30 June 2021                            
Advertising revenue   6.7   8.4   45.0   43.0   7.0   –   110.1
Revenue from classifieds & services   101.1   0.0   2.1   15.7   24.9   –   143.7
Revenue from commercialisation and intermediary activities   –   35.4   –   –   –   –   35.4
Revenue from subscriptions and individual sales   –   –   –   121.3   –   –   121.3
Revenue from print and logistic operations   –   –   –   32.6   –   –   32.6
Other operating revenue   0.4   4.9   0.3   2.1   1.6   –   9.3
Other income   0.0   0.8   0.0   0.0   0.0   –   0.9
Revenue intersegment   0.2   24.5   3.6   7.7   55.2   (91.1)   –
Revenues   108.4   74.0   51.0   222.4   88.6   (91.1)   453.3
Operating expenses 2   (69.4)   (59.5)   (50.9)   (214.3)   (81.7)   85.5   (390.4)
Share of net income / (loss) of associates / joint ventures   8.0   –   (0.0)   1.7   (0.4)   0.2   9.5
Operating income / (loss) before depreciation and amortisation (EBITDA)   47.0   14.5   0.1   9.8   6.5   (5.5)   72.5
Margin 3   43.4%   19.6%   0.2%   4.4%   7.4%   –   16.0%
Depreciation and amortisation   (3.6)   (4.3)   (0.4)   (0.4)   (15.5)   –   (24.3)
Operating income / (loss) before effects of business combinations (EBIT b. PPA)   43.4   10.2   (0.3)   9.4   (9.0)   (5.5)   48.2
Margin 3   40.1%   13.8%   –0.6%   4.2%   –10.2%       10.6%
Amortisation resulting from business combinations   (10.3)   (7.9)   (1.1)   (10.6)   (2.8)   –   (32.8)
Operating income / (loss) (EBIT)   33.1   2.3   (1.4)   (1.2)   (11.8)   (5.5)   15.4
Margin 3   30.5%   3.1%   –2.8%   –0.6%   –13.3%   –   3.4%
Number of employees (FTE) 4   562   622   316   1 384   784       3 667
             
in CHF mn   TX Markets   Goldbach   20 Minuten   Tamedia   Group &
Ventures		   Eliminations
and reconci-
liation IAS 19		   Total
As of 30 June 2020 1                            
Advertising revenue   5.2   9.4   34.1   39.6   5.6   –   94.0
Revenue from classifieds & services   94.7   0.0   2.4   17.6   30.3   –   145.1
Revenue from commercialisation and intermediary activities   –   26.3   –   0.0   0.0   –   26.3
Revenue from subscriptions and individual sales   –   –   –   121.3   –   –   121.3
Revenue from print and logistic operations   –   –   –   33.9   1.1   –   35.1
Other operating revenue   0.1   4.3   0.9   1.5   1.3   –   8.1
Other income   0.0   –   0.0   0.0   1.3   –   1.3
Revenue intersegment   0.8   21.0   2.4   10.8   62.6   (97.6)   –
Revenues   100.8   61.1   39.8   224.7   102.3   (97.6)   431.2
Operating expenses 2   (65.4)   (61.2)   (46.8)   (228.0)   (91.0)   91.6   (400.8)
Share of net income / (loss) of associates / joint ventures   3.4   –   0.0   (1.0)   (0.4)   1.8   3.8
Operating income / (loss) before depreciation and amortisation (EBITDA)   38.8   (0.1)   (6.9)   (4.3)   10.9   (4.2)   34.1
Margin 2   38.5%   –0.2%   –17.4%   –1.9%   10.7%   –   7.9%
Depreciation and amortisation   (3.0)   (3.2)   (0.1)   (1.1)   (14.5)   –   (21.8)
Operating income / (loss) before effects of business combinations (EBIT b. PPA)   35.8   (3.3)   (7.0)   (5.4)   (3.5)   (4.2)   12.3
Margin 3   35.5%   –5.4%   –17.6%   –2.4%   –3.4%       2.9%
Amortisation resulting from business combinations   (11.0)   (8.8)   (1.1)   (10.6)   (3.4)   –   (34.9)
Impairment   –   (0.0)   –   (85.0)   0.0   –   (85.0)
Operating income / (loss) (EBIT)   24.8   (12.1)   (8.1)   (101.0)   (6.9)   (4.2)   (107.5)
Margin 3   24.6%   –19.7%   –20.4%   –44.9%   –6.8%   –   –24.9%
Number of employees (FTE) 4   582   610   244   1 500   704       3 640
1 The structure of revenues in the consolidated income statement has been adjusted. The previous year’s figures were adjusted accordingly.
2 The employee benefit expense from IAS 19 are not part of the individual segments and are separately presented together with the eliminations.
3 The margin relates to revenues.
4 Average number of employees, excluding employees in associates / joint ventures.