Investments

Total investments amounted to CHF 142.5 million in the 2023 financial year (previous year: CHF 131.0 million). Just like the previous year, most of the CHF 21.6 million invested in property, plant and equipment were spent on conversion work involving premises at the Werdareal site in Zurich and on investments at the three printing centres. Around CHF 20.7 million were invested in intangible assets (previous year: CHF 10.6 million). These related in particular to IT software which can be capitalised and the recognition of own work capitalised at JobCloud. CHF 85.0 million were spent on the acquisition of Clear Channel Schweiz, whereas there were no investments in consolidated companies in the previous year. CHF 15.3 million were invested in financial assets (previous year: CHF 96.3 million). These include investments in various fintech companies such as PriceHubble, Triple Technologies and Lano Software, which were mainly made directly through the TX Ventures Fintage Fund I.