Bertelsmann positive after nine months of 2010

Bertelsmann positive after nine months of 2010

<p>German media group Bertelsmann &quot;continues positive&quot;, according to its nine-month earnings statement released today (11th). The business said its sales and profits were well ahead of its &quot;crisis-ridden previous year&quot; and confirmed the raised forecast issued at the half-year results.</p><p>Revenues from continuing operations increased to &euro;11bn in the reporting period, 3.5% above the previous year&rsquo;s comparable value of &euro;10.6bn. Operating earnings before interest from continuing operations amounted to &euro;1.1bn, exceeding the previous year&rsquo;s value of &euro;784m by 34.3%. Profits were &euro;357m, after making a loss of &euro;246m in the same period last year.<br /><br />Mimicking a patten set by HarperCollins&#39; parent News Corp earlier this month, there was no reference to the group&#39;s giant book publishing division. However, the German-based group said the good performance &quot;was fuelled by a recovery in the overall economy including an upturn in the advertising industry; long-view cost measures; and a brisk business performance both in conventional and digital media.&quot;&nbsp; </p>