News

Bertelsmann reports 2011 revenue growth

Random House parent company Bertelsmann has reported slight revenue growth for the 2011 fiscal year, up to €15.3bn (£12.8bn) from €15.1bn (£12.6bn) in 2010, with "rapidly growing e-book sales" offset by losses in other areas of the business which contributed to a slight drop in operating profit.

In a statement announcing the international media company’s preliminary figures for 2011, Operating EBIT across the businesses was at €1.7bn for 2011 (£1.4bn), down on 2010's €1.8bn (£1.5bn). Organic growth, adjusted for portfolio and currency effects, came to about 2%. Operating EBITDA reached approximately €2.2bn (£1.8bn), down on €2.4bn (£2.01bn) the previous year, with net financial debt remaining at €1.9bn (£1.6bn).

The group's return on sales was at 11%, and the statement said: "A good performance of the advertising-driven businesses and rapidly growing e-book sales were offset by planned start-up losses for new growth platforms and the weak business performance of some of the printing operations, as well as declines in the replication and direct-marketing businesses."

The full and audited annual financial statement will be published on 28th March.

Trackback URL for this post:

http://www.thebookseller.com/trackback/103416

Comments: Scroll down for the latest comments and to have your say

By posting on this website you agree to the Bookseller comments policy. Comments go direct to live please be relevant, brief and definitely not abusive. Report any "unsuitable comments by clicking the links"

I am genuinely glad to read this blog posts which carries plenty of useful data, thanks for providing such statistics.

Post new comment

Due to persistent spam problems we are now asking users to register before submitting comments. If you have already registered or are a subscriber then please log in now. Otherwise you can use the simple form below to register when you submit your comment. Your comment will go live once you click the validation link in the email. Comments still go live without moderation.
You should use this name when logging into your account.
This name will be displayed when you comment on the site.
The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <br> <p> <img>
  • Lines and paragraphs break automatically.

More information about formatting options

Type the characters you see in this picture. (verify using audio)
Type the characters you see in the picture above; if you can't read them, submit the form and a new image will be generated. Not case sensitive.