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TX Group Half-Year Report 2022
TX Group Half-Year Report 2022
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Segment information

in CHF mn   TX Markets   Goldbach   20 Minuten   Tamedia   Group & Ventures   Eliminations
and
reconciliation
IAS 19		   Total
As of 30 June 2022                            
Advertising revenue   –   19.4   46.6   41.1   6.1   –   113.2
Revenue from classifieds & services   70.7   5.1   2.1   18.2   27.8   –   123.8
Revenue from commercialisation and intermediary activities   –   37.5   –   –   –   –   37.5
Revenue from subscriptions and individual sales   –   –   –   116.0   –   –   116.0
Revenue from print and logistics   –   –   –   39.6   –   –   39.6
Other operating revenue   0.1   3.1   0.0   2.1   6.6   –   12.0
Other income   –   0.0   –   2.0   1.5   –   3.5
Revenue intersegment   0.4   18.5   1.9   8.7   50.0   (79.5)   –
Revenues   71.2   83.6   50.6   227.7   92.2   (79.5)   445.7
Operating expenses 1   (29.5)   (68.7)   (49.5)   (229.3)   (89.1)   75.5   (390.6)
Share of net income / (loss) of associates / joint ventures   5.0   –   1.8   0.9   (1.3)   –   6.4
Operating income / (loss) before depreciation and amortisation (EBITDA)   46.8   14.9   2.9   (0.7)   1.7   (4.0)   61.5
Margin 2   65.7%   17.8%   5.8%   –0.3%   1.8%   –   13.8%
Depreciation and amortisation   (3.0)   (13.9)   (0.5)   (0.3)   (15.1)   –   (32.8)
Operating income before the effects of business combinations (EBIT b. PPA)   43.7   0.9   2.5   (1.0)   (13.4)   (4.0)   28.7
Margin 2   61.4%   1.1%   4.9%   –0.4%   –14.5%   –   6.4%
Amortisation resulting from business combinations   (5.2)   (6.9)   (1.1)   (9.1)   (2.8)   –   (25.1)
Operating income / (loss) (EBIT)   38.5   (6.0)   1.4   (10.1)   (16.2)   (4.0)   3.7
Margin 2   54.1%   –7.2%   2.7%   –4.4%   –17.6%   –   0.8%
Number of employees (FTE) 3   252   661   322   1 295   840   –   3 371
in CHF mn   TX Markets   Goldbach   20 Minuten   Tamedia   Group & Ventures   Eliminations
and
reconciliation
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 logistics   –   –   –   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 1   (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 2   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 before the effects of business combinations (EBIT b. PPA)   43.4   10.2   (0.3)   9.4   (9.0)   (5.5)   48.2
Margin 2   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 2   30.5%   3.1%   –2.8%   –0.6%   –13.3%   –   3.4%
Number of employees (FTE) 3   562   622   316   1 384   784       3 667
1 The employee benefit expense from IAS 19 is not part of the individual segments and is presented separately together with the eliminations.
2 The margin relates to revenues.
3 Average number of employees, excluding employees in associates/joint ventures.