Springer with rising sales
Der Aufschwung auf den Werbemärkten hat dem deutschen Medienhaus Axel Springer einen guten Start in das Jahr 2010 beschert. In den ersten drei Monaten des Jahres stieg der Konzernumsatz um sieben Prozent auf 663,7 Millionen Euro.
The consolidated net income adjusted for non-operating special effects increased by 77.4 percent to 62 million euros, as Axel Springer announced on Tuesday. Although the bottom line in the same quarter of the previous year amounted to 213 million euros, this was largely due to proceeds from the sale of investments in regional newspapers. Thanks to the growth in digital media, Axel Springer was able to more than compensate for declining revenues in the print segments. The Group raised its forecast for the year as a whole and expects a significant increase in revenues. Axel Springer publishes the tabloid Bild and Die Welt in Germany. In Switzerland, various TV program guides as well as Bilanz, Handelszeitung and Beobachter belong to the publishing house.
