Bertelsmann increases revenues and profits
The Bertelsmann media group increased its profit to 357 million euros in the first nine months.
This was announced by a company spokesperson on Thursday, according to SDA. In the same period last year, the economic crisis had caused a loss of 246 million euros. The operating profit of Europe's largest media group rose by a third to 1.05 billion euros. The television subsidiary RTL Group, a competitor of ProSiebenSat.1, accounted for the largest share of this. Bertelsmann also owns the magazine publisher Gruner und Jahr and the book publisher Random House, among others.
Bertelsmann generates a quarter of its revenues from advertising. Overall, revenues from January to September rose by 3.5 percent to 11 billion euros. The German company confirmed its forecasts. Accordingly, it is planning a consolidated profit of more than 500 million euros this year.
Bertelsmann generates a quarter of its revenues from advertising. Overall, revenues from January to September rose by 3.5 percent to 11 billion euros. The German company confirmed its forecasts. Accordingly, it is planning a consolidated profit of more than 500 million euros this year.
