Ringier to fortify position
Monday, April 11, 2005, 00:00
Swiss Ringier Publishing House European Division?s income reached CHF 320,1 million in 2004, which is CHF 94,1 million higher than in 2003, the company said in a statement. The publisher?s two third of last year?s revenue comes from aqusitions. 37,5% of the revenue comes from Czech Republic, 26% from Hungary, 17% from Romania, an then 13,6 from Slovakia, and finally 5,9% from Serbia. In Hungary Ringier makes top selling in daily papers, nevertheless some competitor newpapers. Népszabadság boosted circulation and sales income due to lately restructuring. The publishing house bought IM magazine and opened a Budapest-based printing-house.