The NZZ is back in the black
NZZ significantly increased sales in the first half of 2021 compared to the corona year 2020. Below the line, the company succeeded in returning to the black.
Total revenues of the NZZ Group rose by 11.6 percent to 106.2 million Swiss francs, the company announced on Wednesday. The number of subscribers increased by 5.6 percent to 200,000, and advertising revenues also increased in almost all media categories, according to the company.
Print advertising on the rise again
For example, revenues from the structurally declining print advertising market would also have increased by a good 16 percent. Nevertheless, the Group's total revenues are still below the pre-Corona level.
There was also a strong improvement in results compared with the previous year. Operating profit at EBIT level rose to 7.7 million from -1.2 million, and the bottom line resulted in a Group profit of 9.7 million (previous year -3.4 million). Contributing to this improvement, according to NZZ also the pro rata result at the joint venture CH Media, which rose from 0.5 to 3.5 million.
In the second half of the year, the NZZ The development is expected to be similar to that of the first half of the year. However, in a year-on-year comparison, the "earnings lead" as of June 30 is expected to be reduced by the end of the year. The main reason is that the first half of 2020 was very negatively impacted by the lockdown. In addition, there were signs of a weakening subscription volume effect and higher costs in the reader market. (SDA)
