Growth

Consolidated growth revenue was 6.2 per cent, which is mainly attributable to the acquisition of Clear Channel Schweiz at the end of March. In addition, 20 Minuten also increased revenues year-on-year by CHF 3.4 million (CHF 3.0%).

In organic terms, revenues declined by –1.9 per cent. This is primarily due to falling print revenues, fewer services to associated companies (SMG Swiss Marketplace Group) and a weaker second half of the year at JobCloud as a result of the job market cooling down.