SDA Annual Report: Difficult year 2010
The Swiss Dispatch Agency SDA looks back on one of the most difficult years in its history. With rigorous cost-cutting measures, the Swiss Dispatch Agency has laid the foundation for a better future.
In a depressed market environment, sales at parent company SDA fell 7 percent last year to 26.54 million francs, according to its 2010 annual report. This is according to the news agency's 2010 annual report, which showed a bottom-line profit of CHF 1.22 million, down significantly from CHF 5.1 million a year earlier.
With a minus of 716,000 francs, the operating result EBIT was clearly negative compared to the previous year's minus of r -266'000 francs. The cost-cutting measures introduced had led to job cuts, SDA said in a statement on Friday. At the end of 2010, SDA still had 156 jobs - on a 100 percent basis - 21 fewer than a year earlier.
The number of news items produced by SDA in the three national languages German, French and Italian nevertheless increased by just under 4 percent to 178'716 reports. The SDA Board of Directors approved a new performance mandate. Among other things, it stipulates solidarity between the languages.
At group level, the holdings Sportinformation, AWP, news aktuell Schweiz and Keystone would have contributed significantly to a good result. On a consolidated basis, sales decreased by 3.8 percent to 36.8 million Swiss francs. Net income, on the other hand, increased by 3.5 percent to CHF 889'000.
