Ringier turnover in 2011 in Romania, up 33.6 percent on previous year

Newsroom 18/04/2012 | 09:58

Swiss media group Ringier managed to post growth in Romania last year, in spite of a decline in the advertising market, ending 2011 with a turnover that was 33.6 percent higher than in 2010, amounting to CHF 37.2 million.

“Ringier was in 2011 one of the few publishing groups in Romania that yielded profit,” says the press release of the company.

As a group, Ringier posted total global revenues of CHF 1.14 billion in 2011, slightly down on the previous year, and an EBITDA of CHF 64 million.

The growth is attributed by the company to the pursuit of new lines of business, the substantial growth in the client portfolio of the printing house owned by the group as well as cost-control measures taken by the company.

In August 2011, Ringier announced the takeover of the full share package in Edipresse AS Romania, a joint venture of the Swiss Edipresse publishing group and the German Axel Springer media establishment.

Just recently, Ringier also announced a strongly digital-oriented strategy with the takeover of job portal eJobs, with more than 1.7 million unique visitors per month. According to Sati.ro, eJobs is the first online recruitment service in Romania and South-Eastern Europe, with a market share of over 60 percent and more than 2.3 million active CVs in its database.

Ringier Romania started its activity in 1992 and currently has 400 employees. In Romania, Ringier has over 30 print and online products, among which Libertatea tabloid and ELLE fashion magazine.