Axel Springer increases advertising revenues by more than 5 percent
Following a successful 2005, the first quarter of 2006 marks a seamless continuation: The media group increased its quarterly profit by 41.2 percent to 67.2 million euros, while revenue in its core business rose by 2.1 percent and advertising revenue by 5.1 percent.
After a successful 2005, the first quarter of 2006 also got off to a very successful start: The media group was able to increase its quarterly profit by 41.2 percent to EUR 67.2 million, while sales in its core business rose by 2.1 percent and advertising revenues by 5.1 percent to EUR 241.7 million. The Hamburger Abendblatt, TV digital, Bild der Frau, Sport Bild and Bild.T-Online.de, among others, contributed to this pleasing development. In addition to the sustained good advertising business of the Bild Group, the Welt Group also succeeded in further strengthening its market position. The combined circulation of Welt and Welt Kompakt rose by 13 percent to 252,000 copies in the first quarter of 2006. CEO Mathias Döpfner expects further growth in the medium term from the new initiatives in Germany and abroad, in print and online, which have been launched in recent weeks. As Springer announced on Tuesday, the financial framework conditions for successful expansion were further improved in the first quarter.
