PRH global revenues 'stable' in 2017, with UK in 'growth'

PRH global revenues 'stable' in 2017, with UK in 'growth'

Bertelsmann's book business achieved "stable" revenues of €3.4bn in 2017, down 0.1% on previous year's revenues (also €3.4bn), with negative exchange rate effects largely offset by portfolio effects, the company has announced. It was described as a "pleasing" result.

The book group's operating EBITDA dropped 2.9% to €521m due to exchange rate effects, while the EBITDA margin stood at 15.5% (16% the previous year).

The UK wing of the company "recorded growth", Bertelsmann said, without specifying figures.

Bertelsmann's book business includes Penguin Random House and the German division Ve...

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