- Revenues increase to €11.4 billion
- Operating EBIT improves to €1.1 billion
- Group profit rises to €528 million
Bertelsmann, the international media group, reports a year-on-year increase in revenues and group profit after the first nine months of the 2012 fiscal year. Group revenues from continuing operations increased by 5.7 percent to €11.4 billion during the reporting period (previous year: €10.8 billion). Organic growth, adjusted for portfolio and currency effects, was 4.0 percent. Operating EBIT increased by 5.8 percent to €1,095 million (previous year: €1,035 million). Return on sales was 9.6 percent (previous year: 9.6 percent). Group profit increased significantly to €528 million (previous year: €377 million) during the reporting period, thanks to lower special items.
Bertelsmann Chairman & CEO Thomas Rabe comments: "We are satisfied with our business performance during the first nine months of the year. Bertelsmann is growing organically, profitability remains high, and we are making good progress on reshaping the group. We continue to expect moderate revenue growth and a continued high Operating EBIT for the full year. Group profit will be impacted in particular by special items from the print business and several direct-to-customer businesses as well as from our operations in southern Europe. Also, the subdued economic outlook and the Euro crisis make it difficult to predict our future performance at this point."
Overview of figures (€ million, continuing operations)
|
January 1, 2012 – September 30, 2012 |
January 1, 2011 – September 30, 2011 |
|
| Consolidated revenues (from continuing operations) |
11,420 |
10,808 |
|
Operating EBIT by division Corporate/consolidation Operating EBIT (from continuing operations) |
1,162
1,095 |
1,090
1,035 |
|
Special items |
(21) |
(69) |
|
EBIT |
1,074 |
966 |
|
Financial result |
(284) |
(302) |
|
Earnings before taxes from continuing operations |
790 |
664 |
|
Income taxes |
(260) |
(181) |
|
Earnings after taxes from continuing operations |
530 |
483 |
|
Earnings after taxes from discontinued operations |
(2) |
(106) |
|
Group profit or loss |
528 |
377 |
|
attributable to: Bertelsmann shareholders |
433 |
274 |
|
attributable to: non-controlling interests |
95 |
103 |
|
Investments |
447 |
577 |
|
Balance as of September 30, 2012 |
Balance as of December 31, 2011 |
|
|
Net financial debt |
1,702 |
1,809 |
|
Economic debt* |
5,241 |
4,913 |
|
Employees (headcount) (at continuing operations) |
103,018 |
102,752 |
The corresponding figures for the previous period have been adjusted in accordance with IFRS 5.
*Net financial debt plus provisions for pensions, profit participation capital and present value of operating leases (continuing operations).
