TX Group Ltd

Latest Results (14.08.2024):

Revenue Growth

TX Group Ltd reported a significant increase in consolidated revenues for the 2023 financial year, with a growth of +6.2%. This growth was largely driven by the acquisition of Clear Channel Schweiz at the end of March. However, on an organic basis, revenues saw a slight decline of -1.9%.

Profitability Improvement

In the 2023 financial year, TX Group Ltd achieved a 43% increase in normalised operating income (EBIT adj.). This improvement in profitability was significantly contributed by the SMG Swiss Marketplace Group. Despite the acquisition of Clear Channel Switzerland, operating costs remained at the previous year's level.

Dividend Proposal

The Board of Directors of TX Group Ltd has proposed a dividend of CHF 6.20 per share for the 2023 financial year. This includes an ordinary dividend of CHF 2.00 and a special dividend of CHF 4.20. The special dividend is proposed for the third and final time, based on an extraordinary cash inflow from the 2021 merger of digital marketplaces into the SMG Swiss Marketplace Group.

Segment Performance

TX Group Ltd's TX Markets segment saw a decline in revenues due to the economic situation, impacting both Swiss platforms and Karriere.at in Austria. However, SMG Swiss Marketplace Group increased revenues by 12% year-on-year, with net income (EBITDA) more than doubling. All four areas within the network of online marketplaces contributed to this success.

Goldbach Segment

The acquisition of Clear Channel Schweiz significantly boosted revenues for TX Group Ltd's Goldbach segment in 2023. Despite one-off costs associated with the acquisition, net income also increased. The segment is now well-positioned for promising and profitable growth in the out-of-home advertising market, although it faces challenges with declining revenues from print and TV.