Ringier's Portals Help Boost Profitability in 2024 After Historic Print Divestment

The Swiss media company and online international online marketplace operator has released a report on its activities for 2024. Highlights of the company's report include:

• Revenue was down 12.8% at CHF 800.6 million (2023: CHF 918.9 million).
• EBITDA of CHF 118.8 million, up 12.6% over the 2023 figure of CHF 105.5 million.
• The group's EBITDA margin was 14.8%, up from 11.5% in 2023.

2024 saw the company divest from its historical printing business as well as from its DeinDeal Switzerland-based e-commerce business. Along with the divestment of these unprofitable enterprises, Ringier's marketplace platforms along with its sports media businesses were credited with driving profit growth

The period also saw Ringier buy out all shares in the Ringier-Axel Springer joint venture from the German media company. Ringier now fully controls a number of leading real estate marketplaces around the world in markets as diverse as Slovakia, Switzerland and Kenya.

Ringier RE Marketplace Assets

In its yearly report, the company noted that its Marketplaces division actively leveraged AI with ongoing initiatives in collaboration with leading software company Palantir.

In Switzerland, The Swiss Marketplaces Group (SMG) acquired the Flatfox portal to truly sew up dominance of the market. In Romania, Imobiliare.ro celebrated its 25th anniversary, saw an 80% revenue growth in its finance product and was migrated to Ringier's 'cube' platform.

In Slovakia, where Ringier's marketplace assets operate under the Uunited Classifieids umbrella, the group strengthened its leadership position and revamped its UX while in Poland the horizontal platform Gratka was rebranded as a specialist real estate and automotive marketplace and integrated with the Morizon vertical.