Half-year results: NZZ increases revenues, publishing remains strong
NZZ increased its revenues by CHF 2.5 million or 2.1 percent year-on-year to CHF 119.3 million and achieved a result in its core business of publishing that was almost on a par with the previous year.
NZZ's core business developed solidly in the first half of 2023, even with the economic challenges, according to a recent media release from the company. The NZZ Core segment, which includes publishing, achieved an increase in revenues and posted earnings almost on a par with the previous year. This, "although long-term strategic investments were made in the further development of editorial teams, technology and digital product development, and additional expenses were incurred in connection with the cyberattack in the spring."
At the corporate level, however, NZZ recorded a significant decline in earnings - despite an increase in revenues. This was primarily due to the decline in earnings at CH Media and the participations. Among the latter, DAAily platforms, the largest international network for architecture and design, and the Zurich Film Festival (ZFF) in particular had to accept declines in earnings. Here, it will be of particular importance in the coming months, "stabilize the course of business (...) and exploit synergy potential throughout the company."
The NZZ Semiannual Report 2023 is available online at this Link retrievable.
