APG SGA (APGN) H1 2026 earnings summary

Executive summary

• Achieved a 10.4% year-over-year increase in advertising revenue to CHF 163.6 million in a challenging market.

• Consolidated net income rose 24.9% to CHF 15.2 million, with EBIT up 24.9% to CHF 18.6 million.

• Revenue growth was broad-based, with both analog and digital formats contributing, and political advertising rebounding strongly.

• Costs remained stable despite higher personnel and administrative expenses, leading to improved margins.

Financial highlights

• EBITDA increased 14.9% year-over-year to CHF 22.7 million, representing 13.5% of operating income.

• Free cash flow improved to CHF 5.0 million from CHF -4.6 million in the prior year.

• Earnings per share rose 24.7% to CHF 5.05.

• Operating income grew 12.7% to CHF 168.4 million.

Outlook and guidance

• No formal forecast provided due to ongoing geopolitical and economic uncertainty.

• Confident in continued market share gains for Out of Home Media and further expansion as a market leader.