PRH sees double-digit growth in first quarter

PRH sees double-digit growth in first quarter

Penguin Random House saw double-digit growth in the first quarter of 2021, parent company Bertelsmann has reported.

Bertelsmann itself reported a 10% organic revenue rise year on year, with group revenues of more than €4.2bn (£3.6bn) in the first quarter of 2021, up from €4.1bn (£3.5bn). The company said organic revenues were up 7% from its pre-Covid level in 2019, while the operating margin also improved.

The company picked out "particularly strong performances" from PRH, alongside services division Arvato, although exact figures were not broken out.

The report noted: “Penguin Random Ho...

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