Axel Springer with record figures
Thanks to a boom in its digital business and strong international performance, the German media group Axel Springer posted its highest-ever operating profit in 2010. Operating profit is expected to rise further this year.
In 2010, Springer earned 510.6 million euros before taxes, interest, depreciation and amortization (Ebitda), 53 percent more than in 2009. Group sales increased by 10.8 percent to 2.89 billion euros. Net income adjusted for special items rose 85.5 percent to 283.2 million euros, the company announced Wednesday, according to SDA. Shareholders are to receive a dividend of 4.80 euros per share, up 40 cents. Springer also announced plans to increase the attractiveness of its shares with a one-for-three split. Revenues are expected to increase further in 2011. Our digital and international activities will continue to drive revenue and earnings growth in 2011, said Group CEO Mathias Döpfner in Berlin.
In Switzerland, the German publisher owns various TV program guides as well as Bilanz, Handelszeitung and Beobachter, among others.
(Image: Axelspringer.ch)
