Letter to shareholders: 2009 - one of the most difficult years in the history of the Affichage Group |
26.02.2010
| from Allgemeine Plakatgesellschaft AG
26.02.2010, The decline of the gross domestic product in the economies of Switzerland (by –1.4%) and of our foreign markets (by as much as –8.5%) resulted in a disproportionate reduction of advertising spending.
In financial 2009, our domestic sales revenue fell by 18.3% to CHF 250.1 million.
Outside Switzerland, sales dropped by 26.5% to CHF 89.9 million. Despite the adverse
market situation, the Affichage Group generated a satisfactory result in operations,
particularly in Switzerland, its home market. The overall result was massively burdened
by special charges related to value adjustments on past acquisitions and writeoffs of
accounts receivable abroad. Thanks to its strong equity capital base and adequate
liquidity, the Group’s financial situation remains solid.
--- END press release Letter to shareholders: 2009 - one of the most difficult years in the history of the Affichage Group ---
--- END press release Letter to shareholders: 2009 - one of the most difficult years in the history of the Affichage Group ---
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