Rheintal Medien AG becomes galledia group ag
The proposed revision of the Articles of Association with a change of name has two main objectives, explained Chairman of the Board of Directors Urs Schneider to the shareholders at the AGM in Altstätten last Thursday: "To create a consistent holding structure. A name that expresses the predominantly national orientation of the overall group." Schneider's arguments were comprehensible to those present without discussion. The motion was clearly approved.Thus [...]
New member of the Board of Directors
Sunnie Groeneveld was newly elected to the Board of Directors. The 30-year-old succeeds Bruno Baumgartner, who did not stand for re-election after 16 years.Sunnie Groeneveld is founder and Managing Partner of Inspire 925, a consultancy specializing in employee engagement, collaboration and innovation. Groeneveld is responsible for mandates in the areas of innovation and digitalization as well as leadership and employee engagement. She is also a member of the board of directors of the HHM Group, which specializes in electrical engineering, and of the IT company emineo AG, as well as vice president on the board of trustees of Pro Zukunftsfonds Schweiz. "With her strong competencies in the areas of digitization, transformation and employee development, Sunnie Groeneveld will primarily drive the digital strategy in our company and provide new impetus for the further development of the business model," explains CEO Urs Schneider.
Group does not quite reach previous year's result
The local newspaper publisher presented an excellent result with the "Rheintaler" and the "Rhein-talische Volkszeitung" in 2017. The two daily newspapers, which are well anchored and established in the region, presented a better result than in the previous year and thus continue to occupy a leading position in the print media market in Switzerland.Despite the good result of the daily newspapers, the Rheintal Medien AG Group did not quite achieve the excellent result of the previous year in 2017. At CHF 5.4 million, EBITDA fell 17.5 % short of the previous year, although net income was down by only 2.3 %. The result was significantly impacted by the subsidiary Galledia AG, which also hardly lost any sales (-2.4 %), but lost value added due to structural change and price pressure.But even here, EBITDA was still in a satisfactory range, Schneider made clear. Rheintal Medien AG acquired the production building of Galledia AG in Flawil in 2017. According to Chairman Schneider, this considerable investment can also be understood as a commitment to print.
