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German media group Bertelsmann "continues positive", according to its nine-month earnings statement released today (11th). The business said its sales and profits were well ahead of its "crisis-ridden previous year" and confirmed the raised forecast issued at the half-year results.
Revenues from continuing operations increased to €11bn in the reporting period, 3.5% above the previous year’s comparable value of €10.6bn. Operating earnings before interest from continuing operations amounted to €1.1bn, exceeding the previous year’s value of €784m by 34.3%. Profits were €357m, after making a loss of €246m in the same period last year.
Mimicking a patten set by HarperCollins' parent News Corp earlier this month, there was no reference to the group's giant book publishing division. However, the German-based group said the good performance "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."