Full Year 2019 TX Group AG Earnings Call Transcript
Ladies and gentlemen, welcome to the Tamedia Full Year Results 2019 Analyst Conference Call. I am Sandra, the Chorus Call operator. (Operator Instructions) and the conference is being recorded. (Operator Instructions). The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Mr. Christoph Tonini, CEO; and Mr. Sandro Macciacchini. You will now be joined.
Yes. Hello, everybody. In the name of Sandro and myself, we are happy to have the chance to lead you to the year-end results 2019. I will start reflecting on the business side, and then Sandro will give you some more detailed information about the financials.
Nevertheless, I start also in financials on Page #5, the overview of our 2019 results. You see that we have been able to increase the revenue by 7%. This fully driven by consolidation impact. Main impact was the acquisition of a majority stake in Zattoo, which was leading to this increase, but also the reflection that
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