Gruner + Jahr records jump in sales

 Gruner + Jahr, Europe's largest magazine publisher, recorded strong sales growth in 2006. Turnover rose by 9.1 percent to 2.86 billion euros, as reported by Sda based on an announcement by the group. Operating earnings before interest and taxes (EBIT) rose even more strongly by 10.6 percent to around 277 million euros. The boost came from new magazines as well as Motorpresse Stuttgart and the gravure printing company Prinovis, both of which were fully included in the balance sheet for the first time. The publishing house is still on course for growth and wants to expand its brands such as Stern, Geo and Brigitte using multimedia, the statement continues. Major acquisitions as in previous years are not planned for the time being.