Axel Springer reports "historic record result"

The media group announced its results for the 2005 financial year on Thursday. Advertising and circulation revenues grew by 2.4 percent. According to preliminary figures, the net profit for the year amounted to EUR 231 million, which corresponds to an increase of around 56 percent compared to the previous year. Turnover stagnated at EUR 2.39 billion (previous year EUR 2.40 billion). Mathias Döpfner, CEO of Axel Springer AG, described the result in the press release as "the best Group result of all time, even better than the previous year's result, which was significantly affected by the profit from the Kirch settlement." The Group is in excellent health and intends to consistently pursue its strategic priorities - market leadership in the German-language core business, internationalization and digitization.