Annual Report 2012 - APG|SGA

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The financial year at aglance2012 Milestones–Strong operating performance based on home market in Switzerland.–Continued rigorous adjustment of foreign investments.–One time effects (pension fund, impairment) influence results.–Very solid financial situation.–Dividend/special dividend of atotal of CHF 10 per share.Key figuresSales revenuein CHFAPG|SGA share performance 2012in CHF317.6 millionOperating income (EBIT)in CHF76.4 million20019018017016015014013001.01.2012 01.04.2012 01.07.2012 01.10.2012 01.01.2013APG|SGA Group key figuresin 1000 CHF 2012 2011 Change 2012 2011 Changeadjusted for one adjusted for one adjusted for onetime effects 1 time effects 2 time effectsSales revenue 317 644 311 795 1.9% 317 644 311 795 1.9%–Switzerland 297 111 280 581 5.9% 297 111 280 581 5.9%–International 20 533 31 214 –34.2% 20 533 31 214 –34.2%EBITDA 113 028 73 024 54.8% 74 679 66 633 12.1%–in%ofsales revenue 35.6 23.4 23.5 21.4Operating income (EBIT) 76 405 56 118 36.2% 60 502 48 942 23.6%–in%ofsales revenue 24.1 18.0 19.0 15.7Consolidated net income 52 057 42 981 21.1% 44 691 36 657 21.9%–in%ofsales revenue 16.4 13.8 14.1 11.8Net income 50 079 41 787 19.8% 42 713 35 463 20.4%–in%ofsales revenue 15.8 13.4 13.4 11.4Cash flow 35 645 63 948 –44.3% 54 125 61 180 –11.5%Free cash flow 44 249 67 392 –34.3% 62 729 64 624 –2.9%Investments in property, plant,and equipment 5350 9163 –41.6% 5350 9163 –41.6%–advertising plant 3033 6380 –52.5% 3033 6380 –52.5%–other investments 2317 2783 –16.7% 2317 2783 –16.7%Net income per share, in CHF 17.03 14.23 19.7% 14.53 12.08 20.3%Dividend per share, in CHF 3 10.00 7.00 42.9%1One-time effects 2012: change in plan and contribution to pension fund as well as impairment, including proportionate taxes2One-time effects 2011: net profit from sales of foreign operations, collection of bank guarantee, as well as impairment, including proportionate taxes3Proposal to the General MeetingEBITDA: Earnings before interest, taxes, depreciation of property, plant, and equipment, and amortization of intangible assetsEBIT: Earnings before interest and taxes
The company at aglanceAPG|SGA Group corporate structureAPG|SGA SwitzerlandThe segment brands offer specific solutions:Within Switzerland, the APG|SGA brandcombines all digital and analog poster offersof Allgemeine Plakatgesellschaft AG.2.5 millionposters per year are handledby APG|SGA.90%of mountain railways use APG|SGAMountain as their advertiser.60m 2APG|SGA Holdings:APG|SGA has an equal stake together with Polymedia Holding AGin Impacta AG and Ecofer AG.is the size of the largest indoorHD display in Switzerland at ZurichCentral Station.APG|SGA InternationalAPG|SGA is active outside of Switzerland with companies in Serbia (AlmaQuattro) and Romania (Affichage Romania).4,200public transport vehicles haveadvertisements from APG|SGA Traffic.APG|SGA Locations160WinterthurBielBaselAarauWallisellenSt. GallenZürichAPG|SGA vehicles form one of the largesteco-friendly fleets in Switzerland.NeuchâtelBernLuzernKriensChur60,000LausanneMeyrinGenèveSionLuganoposter locations are documented inthe new app “PosterPlus” and maybe selected.
Page 1: 2012Switzerland ison the move.APG|S
Page 5 and 6: ContentsConsolidated development3-5
Page 7 and 8: Report of the Chairman and the CEO
Page 9 and 10: Report of the Chairman and the CEO
Page 11 and 12: Financial Report 7InternationalThe
Page 13 and 14: Financial Report 9Share development
Page 16 and 17: 12 Business Development in Switzerl
Page 24: 44 millionpassengers took to the ai
Page 27 and 28: Prestige advertising at the airport
Page 29: Business Development in Switzerland
Page 35 and 36: 5 millionSwiss people use public tr
Page 37 and 38: APG|SGA Traffic customers benefit f
Page 39 and 40: Constantly increasingrail passenger
Page 41 and 42: International Business Development
Page 43 and 44: Corporate Governance 39APG|SGA Tota
Page 46 and 47: 42 Corporate GovernanceCorporate Go
Page 48 and 49: 44 Corporate GovernanceBoard ofDire
Page 50 and 51: 46 Corporate GovernanceIn the year
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48 Corporate GovernanceThe Executiv
Page 54 and 55:
50 Corporate GovernanceCompensation
Page 56 and 57:
52 Extract of the Financial ReportC
Page 58 and 59:
54 Extract of the Financial ReportC
Page 60 and 61:
56 ContactAPG|SGA SA23, rue des Vol
Page 62:
Printed in SwitzerlandApril 2013
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Annual Report 2012 - APG|SGA

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