Managing Director: Bernhard Brechbühl
|in CHF mn||2022||2021||Change|
|Advertising revenue 1||105.7||112.8||–6.3%|
|Classifieds & services revenue 1||4.4||4.4||–0.8%|
|Other operating revenue 1||4.8||6.5||–27.1%|
|Other income 1||0.2||0.1||146.8%|
|of which organic revenues 2||115.0||123.8||–7.1%|
|Operating expenses 3||(101.2)||(106.6)||–5.1%|
|Share of net result of associates / joint ventures||(5.5)||0.7||–939.2%|
|Operating income / (loss) before depreciation and amortisation (EBITDA)||8.3||17.9||–53.4%|
|Margin 4||7.2%||14.4%||–7.2 %p|
|Depreciation and amortisation||(0.9)||(0.8)||8.1%|
|Operating income / (loss) before effects of business combinations (EBIT b. PPA)||7.4||17.0||–56.4%|
|Margin 4||6.5%||13.7%||–7.3 %p|
|Depreciation and amortisation resulting from business combinations||(2.2)||(2.2)||–0.1%|
|Operating income / (loss) (EBIT)||5.2||14.8||–64.7%|
|Margin 4||4.6%||12.0%||–7.4 %p|
|Operating income / (loss) (EBIT adj.)||15.3||18.7||–18.4%|
|Margin 4||13.3%||15.1%||–1.8 %p|
|Number of employees (FTE) 6||322||319||1.1%|
1 Includes third-party revenue and revenue vis-à-vis other TX segments.
2 Includes only companies and activities that were included in the scope of consolidation for the entire reporting period 2022 and 2021. There were no changes in the 20 minutes segment.
3 No IAS 19 pension costs (as in segment reporting).
4 The margin relates to revenue.
5 Normalisation effects:
– Impairment of the associates Ultimate Media B&M and BTMX P/S (2022: CHF 7.8 million; 2021: CHF 1.7 million).
– Amortisation resulting from business combinations (2022: CHF 2.2 million; 2021: CHF 2.2 million).
6 Average number of employees, excluding employees in associates / joint ventures.
The 20 Minuten segment comprises 20 Minuten, 20 minutes and 20 minuti, 20 Minuten Radio, lematin.ch and encore! as well as interests in the free newspaper Heute (published by AHVV Verlag, 25.5%) and heute.at (published by DJ Digitale Medien, 51%) in Austria and Edita/L’essentiel (50%) in Luxembourg.
Launched at the end of 1999 for a young, urban target group, the free newspaper 20 Minuten has developed into the Swiss media brand with the widest coverage and has a presence in German-speaking Switzerland, western Switzerland and Ticino. Published in eight local print editions on work days and round the clock in digital format, 20 Minuten provides information and entertainment, with stories about society, politics, economy, sport, the entertainment world and lifestyle. 20 Minuten offers a wide range of multimedia content on both digital channels and social media.
The situation in the advertising market remained challenging in this reporting year. In addition, more money is pouring into the big digital concerns from abroad. The high price of paper is also having a negative impact on operating income, and this cannot be passed on to the readers of the purely advertising-financed 20 Minuten.
It is gratifying to see the number of registered users increase to 674,000 in the reporting year, which means it almost doubled within a year. Logins are important in terms of developing a better understanding of user behaviour and appealing directly to target groups with content and advertising. Another success story is how the 20 Minuten subsidiary heute.at managed to achieve 30 per cent traffic growth in Austria during 2022. L’essentiel in Luxembourg saw a 4 per cent increase in the number of visits.