More profit for NZZ - Meyer to join the Board of Directors

The good result is due to revenue growth in the user and advertising markets, the recovery in the event business and the pleasing business performance of the investments and the joint venture CH Media, the media company announced on Wednesday. It was essentially due to the successful transformation of the business model.

Sales increased by 8 percent to 239.5 million Swiss francs, with growth in all areas. Reader market sales increased by 4 percent. The main drivers of this growth were the digital products, with which additional new target groups and new markets could be developed, according to the statement.

NZZ intends to distribute dividends

Overall, the journalistic core business generated an operating profit of CHF 10 million. This is 89 percent more than in the previous year and represents a 10-year high.

There was also a significant increase in revenues in the advertising market. For the first time, revenues from the digital advertising market exceeded those from the traditional print advertising market. Overall, revenue in the advertising market increased by 21 percent or CHF 13.6 million compared to 2020.

Due to the good Group result, the Board of Directors of NZZ proposes to the Annual General Meeting that a dividend of 250 Swiss francs per share be paid. The Corona support payments received by NZZ AG in the area of indirect press promotion were repaid.

Meyer to join the Board of Directors

In addition, the NZZ announced a change in the Board of Directors on Wednesday. Carolina Müller-Möhl will not stand for re-election, but will retain her seat on the journalistic advisory board. Hotelplan CEO Laura Meyer was proposed as her successor by the board of directors. The proven digital expert has a wealth of professional experience in the media sector, the Board of Directors said, explaining the choice. (SDA/swi)