SPORTSWEAR INTERNATIONAL's publishing house, the dfv media group, has reported stable earnings for the fiscal year 2016. Adjusted for the sale of a share in India, the total revenue rose by 0.7% to 146.7 million euros (previous year: 145.7 million euros).
The advertising revenues increased by 1.4% to 85.9 million euros. Small declines were registered in the markets with subscription and conferences. The digital turnover registered a significant increase by 7.3% to 16.1 million euros.
Despite the high investments that were financed by own resources, the profit remained stable. The company's equity ratio represents 57%. Thus, the dfv media group with its 990 employees is one of the specialist media publishers with the highest turnover in Europe.
Angela Wisken, spokeswoman of the dfv management board: “The fiscal year 2016 is no cause for euphoria, but compared to the strong prior year with a remarkable internal growth of 4%, we feel optimistic when looking at the development and the outcome of the media markets, even if it has been a difficult market for years.”
Wisken explained that dfv will face the market challenges with a strategy that is supported by two pillars: “We invest in new offers and business models – especially in the digital field - and will develop our core business with a high standard of quality.”
In the past year, the dfv media group invested substantially in new digital services. HOGAfit and Akademie.Handel-Scout are two new e-learning platforms for the hotel and retail industry which were launched in spring 2016. LZ Retailytics, an international analysis platform from Lebensmittel Zeitung (LZ), was just recently launched. Another project is The Spin, an English-speaking newsletter from fashion trade magazine TextilWirtschaft (TW) that will cover the international fashion business.
“With all necessary efforts for the digital field we also have the classic business fields like print and events in our strategic focus”, said Wisken.
The dfv portfolio presents a lot of successful trade and press brands.
The ranking of the trade magazines with the highest advertising sales in Germany is headed by LZ, followed by TW and HORIZONT, getting the 3rd and 4th place. The AHGZ (Allgemeine Hotel- und Gastronomie Zeitung) ranks place 10 and SPORTSWEAR INTERNATIONAL claims rank 19.