Financial result

The financial result fell from CHF 1.2 million to CHF –1.1 million. This is mainly due to the loss totalling CHF 4.0 million resulting from the purchase of non-controlling interests in SMG Swiss Marketplace Group and karriere.at. A loss of CHF 0.6 million had been recorded in the previous year as a result of the increase in capital and reductions in shareholdings due to employee shareholding programmes at SMG. The interest cost for leases increased to CHF –2.0 million (previous year: CHF –1.3 million) due to the acquisition of Clear Channel Switzerland. With negative interest rates no longer applying, interest income was achieved again, for the first time, in the amount of CHF 1.3 million.