Tamedia
www.tamedia.ch
Managing Director: Jessica Peppel-Schulz
| in CHF mn | 2023 | 2022 | Change | |||
|---|---|---|---|---|---|---|
| Advertising revenue 1 | 90.2 | 90.3 | –0.0% | |||
| Classifieds & services revenue 1 | 34.6 | 38.1 | –9.2% | |||
| Subscriptions & single sales revenue 1 | 226.8 | 231.0 | –1.8% | |||
| Printing & logistics revenue 1 | 87.3 | 98.8 | –11.6% | |||
| Other operating revenue 1 | 6.4 | 4.7 | 35.4% | |||
| Other income 1 | 1.1 | 1.5 | –29.7% | |||
| Revenues | 446.4 | 464.4 | –3.9% | |||
| of which organic revenues 2 | 443.5 | 464.4 | –4.5% | |||
| Operating expenses 3 | (432.1) | (460.8) | –6.2% | |||
| Share of net result of associates / joint ventures | (1.0) | 1.3 | n.a. | |||
| Operating income / (loss) before depreciation and amortisation (EBITDA) | 13.4 | 4.9 | 173.0% | |||
| Margin 4 | 3.0% | 1.1% | 1.9%p | |||
| Depreciation and amortisation | (0.7) | (0.6) | 5.0% | |||
| Operating income / (loss) before effects of business combinations (EBIT b. PPA) | 12.7 | 4.3 | 198.2% | |||
| Margin 4 | 2.8% | 0.9% | 1.9%p | |||
| Depreciation and amortisation resulting from business combinations | (18.3) | (18.2) | 0.5% | |||
| Operating income / (loss) (EBIT) | (5.6) | (13.9) | –59.9% | |||
| Margin 4 | –1.2% | –3.0% | 1.7%p | |||
| Normalisation 5 | 20.3 | 20.6 | –1.8% | |||
| Operating income / (loss) (EBIT adj.) | 14.7 | 6.7 | 118.4% | |||
| Margin 4 | 3.3% | 1.4% | 1.8%p | |||
| Number of employees (FTE) 6 | 1 277 | 1 283 | –0.5% | |||
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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 2023 and 2022. There were no changes in the Tamedia 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:
– Correction of deferred revenue from initial consolidation of Berner Oberland Medien (2023: CHF 0.8 mn). – Impairment of the associated companies KEYSTONE-SDA-ATS and LZ Linth Zeitung AG in the previous year (2023: CHF 1.2 mn; 2022: CHF 0.8 mn). – Amortisation resulting from business combinations (2023: CHF 18.3 mn; 2022: CHF 18.2 mn). – Reversal through profit or loss of payments received from previous accounting periods that could not be repaid (2022: CHF –1.5 mn). – Repayment or receipt of extraordinary federal support for reduced delivery of newspapers (2022: CHF 3.1 mn). |
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6 Average number of employees, excluding employees in associates / joint ventures.
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Tamedia is a Swiss media company, which was founded in 1893 with the Tages-Anzeiger. Today, the company comprises the paid-for daily and Sunday newspapers, magazines and publishing services. The best-known publications include Tages-Anzeiger, SonntagsZeitung, Finanz und Wirtschaft, Schweizer Familie, BZ Berner Zeitung, Basler Zeitung, Das Magazin, Der Bund, 24 heures, Le Matin Dimanche, Tribune de Genève and Bilan. Tamedia has owned 100% (previously 50%) of Berner Oberland Medien AG (BOM) since 1 June 2023. Tamedia also operates three newspaper printing plants in Switzerland.
Tamedia is aiming to take a leading role in the digital transformation within the Swiss media landscape. At the end of 2023, the company recorded an increase in digital subscriptions, taking the figure to over 178,000 (excluding BOM). This represents a 13 per cent increase on the previous year. Meanwhile, the decline in print subscriptions continued. Despite this development, Tamedia did not manage to significantly reduce dependency on the print business in the reporting year: the revenues generated from digital subscriptions failed to match expectations.
Advertising revenue was stuck at the previous year’s level. The company also recorded declines in revenue in the print and logistics area as a result of lower paper prices. Thanks to targeted savings and adjustments to the new market situation, Tamedia was able to reduce overall costs and thereby improve its results on the previous year.
1 Verticals are publications whose editorial content may relate to the particular interests of a specific sector, profession or trade, such as “Finanz und Wirtschaft”.
Jessica Peppel-Schulz became CEO of Tamedia in October 2023 and has started a transformation programme with various performance and efficiency initiatives. Performance initiatives refer to measures aimed at driving forward and optimizing the development of existing business areas such as the advertising market and the subscription business.
This includes, for example, improving performance across the main business areas through measures such as targeted boosting of coverage, sales initiatives and doing more to exploit the advertising market. By contrast, efficiency initiatives are concerned with optimising costs in existing business areas. As part of the transformation process at Tamedia, all areas are continuously evaluated and declining areas are checked for their sustainability.
Tamedia sets up AI Lab
In 2023, Tamedia set up the “AI Lab”, which looks at how the company can use artificial intelligence. The AI Lab introduced the teaser generator for short reports and agency reports. The test phase incorporated tools like an SEO helper for teaser optimisation, a clipping tool for print cut-outs, an automatic summary generator for newsletters and briefings and a spellchecker for text quality control. The AI Lab uses partners for the transcription of audio files and the subtitling of videos to help optimise the editorial workflow and relay content in a more targeted way.