Strategy event covering the development of 20 Minuten, Tamedia and Goldbach

TX Group / Key word(s): Strategic Company Decision Strategy event covering the development of 20 Minuten, Tamedia and Goldbach 30-Nov-2023 / 06:30 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Today's strategy day for institutional investors and analysts will explain the development of the media and advertising market and the objectives for 20 Minuten, Tamedia and Goldbach.

The media industry is currently undergoing a profound structural change, which also impacts the TX Group companies 20 Minuten, Tamedia and Goldbach. Cultivating the high quality and continuous improvement of their offerings and adapting their structures and cost base to the realities of the media and advertising business will enable the companies in the Group to achieve sustainable development in the medium term. 

Competitive margins are a prerequisite for ensuring the long-term existence of companies. They allow companies to overcome economic fluctuations and to invest in the future. The context is different for every company. The ranges for medium-term margin targets were derived on the basis of the development of comparable companies in the domestic and international markets, the market position and the planned development paths.

 

Segment/ Business Unit	Target 2026 EBIT adj.* margin
20 Minuten	14-16 %
Tamedia	8-10 %
Goldbach (without OOH)	18-22 %