TX Group (TXGN) investor relations material

Executive summary

• Revenue declined 7–7.5% year-over-year to CHF 426.6 mn, mainly due to market headwinds, divestments, and lower print and advertising revenues.

• Adjusted EBIT dropped 32% to CHF 38.5 mn, with margin falling to 9.0% from 12.3% last year.

• Net income (EAT) was CHF 4.2 mn, a significant decrease from CHF 24.5 mn in the prior year.

• Transformation efforts focused on digitalisation, cost alignment, and decentralisation, with strategic reorganization and cost reductions impacting profitability.

• A share buyback program was announced to return excess cash and enhance shareholder value.

Financial highlights

• EBITDA decreased 15% year-over-year to CHF 81.8 mn; adjusted EBITDA was CHF 87.7 mn.

• Net liquidity declined to CHF 90.8 mn from CHF 137.1 mn, mainly due to dividend payments and share acquisitions.

• Free cash flow before M&A remained stable at CHF 82.1 mn.

• Equity ratio remained high and stable at 75.8%.

• Net income (EAT) was CHF 4.2 mn, down from CHF 24.5 mn year-over-year.

Outlook and guidance

• Margin goals for key segments are targeted for next year, with Tamedia expected to reach its margin goal in 2027.

• Ongoing focus on digital growth, cost discipline, and efficiency improvements.

• Print operations are being consolidated, with closures planned and digital offerings prioritized.

• No decision or timing has been set for a potential SMG IPO, but preparations continue.

• Long-term outlook for digital recruiting and marketplaces remains positive.