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Bertelsmann AG is on a "very good course" after the first six months of the year, according to its chief executive Hartmut Ostrowski.
http://www.businessweek.com/news/2010-06-28/bertelsmann-on-very-good-cou... target="_blank">Business Week reports the head of the group, which owns Random House, as taking a bullish stance about the current trading environment.
"I’m very optimistic about the current development, and not just for Bertelsmann," Ostrowski said at a media forum in Cologne yesterday (28th June). "We as an industry should finally stop doubting ourselves."
Having recorded a "record" first quarter, in which the group reported net income of €15m (£9.96m) following a net loss of €94m for the previous 12 months, "also after six months we are on a very good course," he added.