With external revenue1 of CHF 1,836.7 million, the Zur Rose Group achieved its revenue target for 2022. In Switzerland, Zur Rose continued its growth trend and grew well above the market. Due to the rigorous focus on profitability, revenue in Germany and the southern European marketplace business fell as expected. The measures taken led to a significant improvement at all earnings levels in all segments. Adjusted EBITDA rose 1.8 per cent to CHF 22.1 million in Switzerland, 50.0 per cent to minus CHF 48.0 million in Germany and 58.0 per cent to minus CHF 9.7 million in Europe. Overall, adjusted EBITDA improved CHF 59.2 million to minus CHF 69.7 million, exceeding the target announced for 2022. The operating result (EBITDA) amounted to minus CHF 77.7 million (previous year: minus CHF 142.6 million).