Group & Ventures
www.tx.group
Group Management: Pietro Supino, Sandro Macciacchini, Ursula Nötzli and Daniel Mönch
| in CHF mn | 2023 | 2022 | Change | |||
|---|---|---|---|---|---|---|
| Advertising revenue 1 | 11.6 | 13.2 | –12.7% | |||
| Classifieds & services revenue 1 | 54.5 | 55.3 | –1.5% | |||
| Other operating revenue 1 | 93.1 | 111.1 | –16.2% | |||
| Other income 1 | 0.2 | 1.0 | –78.7% | |||
| Revenues | 159.4 | 180.6 | –11.8% | |||
| of which organic revenues 2 | 159.4 | 180.6 | –11.8% | |||
| Operating expenses 3 | (153.6) | (173.5) | –11.5% | |||
| Share of net result of associates / joint ventures | (1.1) | (2.1) | –47.8% | |||
| Operating income / (loss) before depreciation and amortisation (EBITDA) | 4.7 | 5.0 | –6.2% | |||
| Margin 4 | 3.0% | 2.8% | 0.2%p | |||
| Depreciation and amortisation | (22.6) | (30.8) | –26.6% | |||
| Operating income / (loss) before effects of business combinations (EBIT b. PPA) | (17.9) | (25.8) | –30.6% | |||
| Margin 4 | –11.2% | –14.3% | 3%p | |||
| Depreciation and amortisation resulting from business combinations | (2.6) | (5.6) | –53.0% | |||
| Operating income / (loss) (EBIT) | (20.5) | (31.4) | –34.6% | |||
| Margin 4 | –12.9% | –17.4% | 4.5%p | |||
| Normalisation 5 | 2.6 | 5.7 | –54.2% | |||
| Operating income / (loss) (EBIT adj.) | (17.9) | (25.7) | –30.2% | |||
| Margin 4 | –11.2% | –14.2% | 3%p | |||
| Number of employees (FTE) 6 | 808 | 840 | –3.7% | |||
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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 Group & Ventures 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:
– Amortisation resulting from business combinations (2023: CHF 2.6 million; 2022: CHF 5.6 million). – Reversal through profit or loss of payments received from previous accounting periods that could not be repaid (2022: CHF –1.0 million). – Value adjustment and sale of old receivables (2022: CHF 0.8 million). |
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6 Average number of employees, excluding employees in associates / joint ventures.
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The Group & Ventures segment covers TX Group’s majority interests in Doodle AG (98.7%) and Zattoo AG (59.4%) as well as interests in the fintech area. Group & Ventures also comprises TX Group property portfolio and central services departments.