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Ad hoc announcement pursuant to Art. 53 LR

TX Group expects a decline in revenues

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TX Group expects a decline in revenues of around 20 per cent for the first half of 2020 in comparison with the previous year.

Zurich, 9 July 2020 – Advertising revenues in the current year have plummeted due to the coronavirus crisis. Particularly affected by the continuing decline in advertising are the daily and Sunday titles of Tamedia, the commuter newspapers of 20 Minuten and the advertising marketer Goldbach.  For all its consolidated companies, the TX Group expects a decline in revenues of around 20 per cent for the first half of 2020 in comparison with the previous year. The first estimates in mid-April assumed there would be a decline of 10 to 15 per cent.

Contact
Michele Paparone, Senior Communications Officer TX Group
+41 44 248 41 92, [email protected]

About TX Group
TX Group forms a network of digital platforms that provides users with information, orientation, entertainment and services every day. Four independent companies operate under the umbrella of TX Group: TX Markets comprises the classifieds and marketplaces; Goldbach stands for advertising marketing in Switzerland, Germany and Austria; 20 Minuten is the company for commuter media in Switzerland and abroad; Tamedia leads the paid daily and weekly newspapers and magazines into the future.
www.tx.group

 

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Media release (PDF)