Bertelsmann doubles profit
Das Medienunternehmen Bertelsmann hat die Quartalszahlen veröffentlicht und weist für das erste Quartal 2010 deutliche Zuwächse im operativen Geschäft aus.
The Group achieved an operating EBIT of 284 million euros, more than double the figure for the same quarter of the previous year (115 million euros). Total turnover also increased slightly from 3.5 to 3.6 billion euros, according to the Group's statement. Net income amounted to 45 million euros after a loss of 78 million euros in the same quarter of the previous year. The CEO of Bertelsmann AG, Hartmut Ostrowski, explained that the company is now benefiting from the upturn in the advertising markets and the Group's "continued cost discipline" with numerous cost-cutting measures. The company's net financial debt amounted to €2.77 billion as of March 31, 2010 (December 31, 2009: €2.79 billion).
