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Swiss media advertising takes 20% hit in 2009

GenevaLunch News Zurich, Switzerland (GenevaLunch) – Swiss media companies’ revenues from advertising nosedived by 20.4 percent in 2009, falling to CHF1,585.7 million. Worst hit was the financial and...

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A good Apple year: profits up 90%, income 49%

GenevaLunch News The iPhone was the product that made the difference: Apple surprised investors Tuesday 20 April by announcing sales of $13.5 billion for the three months that ended 27 March, a 49...

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Federal budget in the black confirmed for 2011

GenevaLunch News Bern, Switzerland (GenevaLunch) – The Swiss economy’s recovery in 2010 is good news for taxpayers: Bern confirmed Thursday morning 4 Novmber that, based on figures at the end of...

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Geneva airport passenger numbers continue to climb (update)

GenevaLunch News Geneva, Switzerland (GenevaLunch) – Sale of CHF320 million and a profit of nearly CHF49m have given Geneva’s international airport a record year for 2010. The airport published the...

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Lausanne hosts world TV moguls for Olympics US rights bids

GenevaLunch News LAUSANNE, SWITZERLAND – The Beau Rivage in Lausanne will be bustling with sports and TV executives Monday and Tuesday 6-7 June, as intense bidding gets underway to win US broadcast...

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Swiss federal budget surplus larger than expected

GenevaLunch News BERN, SWITZERLAND – The Swiss federal government’s budget surplus for 2011 was CHF1.9 billion, well above the budgeted CHF600 million, the Federal Council said Wednesday 15 February....

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Swiss Post reports solid year for 2011

GenevaLunch News BERN, SWITZERLAND – Swiss Post reports that profits and revenues remained stable in 2011, down slightly from the previous year but in the case of profits mainly because of accounting...

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Swiss publishers line up with Germans, French over Google indexing

GenevaLunch News GENEVA, SWITZERLAND – Swiss publishers have joined French and German colleagues in demanding that Google pay for indexing their content, arguing that Google earns advertising income...

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Nestlé up, ABB down: 2012 financial results

GenevaLunch News GENEVA, SWITZERLAND – Nestlé Group in Vevey finished 2012 with sales up 10.2 percent, with organic growth of 5.9 percent, in line with expectations. The world’s largest food company...

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TVA hike boosted revenues by 6.9% in 2011

GenevaLunch News BERN, SWITZERLAND – Switzerland’s increased TVA (value-added) tax, which went into effect 1 January 2011, brought in CHF22 billion, Bern said Monday 22 April, an increase of 6.9...

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