Group & Ventures
www.tx.group
Group Management: Pietro Supino, Sandro Macciacchini, Ursula Nötzli and Daniel Mönch
| in CHF mn | 2022 | 2021 | Change | |||
|---|---|---|---|---|---|---|
| Advertising revenue 1 | 13.2 | 15.5 | –14.6% | |||
| Classifieds & services revenue 1 | 55.3 | 53.6 | 3.3% | |||
| Other operating revenue 1 | 111.1 | 115.9 | –4.1% | |||
| Other income 1 | 1.0 | 0.1 | 870.5% | |||
| Revenues | 180.6 | 185.0 | –2.4% | |||
| of which organic revenues 2 | 180.6 | 185.0 | –2.4% | |||
| Operating expenses 3 | (173.5) | (173.7) | –0.1% | |||
| Share of net result of associates / joint ventures | (2.1) | (1.0) | 108.0% | |||
| Operating income / (loss) before depreciation and amortisation (EBITDA) | 5.0 | 10.3 | –51.3% | |||
| Margin 4 | 2.8% | 5.6% | –2.8 %p | |||
| Depreciation and amortisation | (30.8) | (30.9) | –0.2% | |||
| Operating income / (loss) before effects of business combinations (EBIT b. PPA) | (25.8) | (20.6) | 25.3% | |||
| Margin 4 | –14.3% | –11.1% | –3.2 %p | |||
| Depreciation and amortisation resulting from business combinations | (5.6) | (5.6) | 0.0% | |||
| Operating income / (loss) (EBIT) | (31.4) | (26.2) | 19.9% | |||
| Margin 4 | –17.4% | –14.2% | –3.2 %p | |||
| Normalisation 5 | 5.7 | 5.6 | 2.6% | |||
| Operating income / (loss) (EBIT adj.) | (25.7) | (20.6) | 24.6% | |||
| Margin 4 | –14.2% | –11.1% | –3.1 %p | |||
| Number of employees (FTE) 6 | 840 | 812 | 3.5% | |||
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1 Includes third-party revenue and revenue vis-à-vis other TX segments.
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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 Group & Ventures segment.
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3 No IAS 19 pension costs (as in segment reporting).
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4 The margin relates to revenue.
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5 Normalisation effects:
– Reversal through profit or loss of payments received from previous accounting periods that could not be repaid (2022: CHF –1.0 million). – Value adjustment and sale of old receivables (2022: CHF 0.8 million). – Amortisation resulting from business combinations (2022: CHF 5.6 million; 2021: CHF 5.6 million). |
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6 Average number of employees, excluding employees in associates / joint ventures.
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The Group & Ventures segment covers TX Group’s majority interests in Doodle (98.5%) and Zattoo (58.9%) as well as interests in the fintech area. Group & Ventures also comprises TX Group property portfolio and central services departments. As of 2022, the latter in turn comprise Group Operations, Group Communications & Sustainability and Group Development.