TX Group announces a significant increase in operating income and a simplification of its structure

In its press release dated March 14, 2024, TX Group revealed an encouraging increase in turnover and a clear improvement in its operating income for the 2023 financial year. An increase of 6.2% in consolidated turnover was recorded, mainly due to the acquisition of Clear Channel Switzerland. The improvement in profitability is marked by a 43% increase in adjusted EBIT, with a notable contribution from SMG Swiss Marketplace Group.

The group also announced a proposed dividend of CHF 6.20 per share and the publication for the second year of its sustainability report, highlighting the increased engagement in the media by 64% of people in Switzerland. Furthermore, a reorganization of the group's structure is planned with the elimination of the boards of directors of certain subsidiaries to favor a direct relationship with the board of directors of TX Group.

The press release also mentions the departure of Sandro Macciacchini, COO, who largely contributed to the transformation of the group. In terms of leadership, Christoph Marty will succeed Michi Frank as CEO of Goldbach in summer 2024, following a planned operational transition.