Bertelsmann: Decline in revenues and operating profit
The German media conglomerate Bertelsmann reported declines in revenue and operating profit in the first few months of the current fiscal year. Revenue fell by 0.7 percent to 11.4 billion euros from January through September.
The German media group Bertelsmann has posted declines in revenues and operating profit in the first months of the current financial year. Revenues fell by 0.7 percent to 11.4 billion euros from January to September, Bertelsmann told SDA. Operating profit before interest and taxes and excluding special items (operating EBIT) fell to 926 million euros. In the same period last year, this figure was one billion euros.
Due to the subdued economic outlook, the media giant now anticipates a decline in operating EBIT of five to ten percent for the year as a whole. Turnover for the year as a whole is expected to be slightly higher than the previous year.
Due to the subdued economic outlook, the media giant now anticipates a decline in operating EBIT of five to ten percent for the year as a whole. Turnover for the year as a whole is expected to be slightly higher than the previous year.
