Nine-Months Figures 2010: Bertelsmann Continues Successful Performance
- Revenues up 3.5 percent to €11.0 billion
- Operating EBIT surges to €1.1 billion
- Group result soars to €357 million
Business at Bertelsmann continues positive: the Group’s revenues, operating EBIT and result for the first nine months of 2010 were well above the previous year’s values. This development was fuelled by a recovery in the overall economy including an upturn in the advertising industry; long-view cost measures; and a brisk business performance both in conventional and digital media.
Revenues from continuing operations increased to €11.0 billion in the reporting period, 3.5 percent above the previous year’s comparable value of €10.6 billion. The international media company recorded a surge in profits, both in Operating EBIT and in Group result. Operating EBIT from continuing operations amounted to €1.1 billion, exceeding the previous year’s value of €784 million by 34.3 percent. At 9.6 percent (previous year: 7.4 percent), Return on Sales continued on a high level. As of the end of September 2010, Bertelsmann reported profits of €357 million, after €-246 million in the same period of the crisis-ridden previous year.
Given this positive business performance, Bertelsmann confirmed the raised forecast issued at the half-year: an increase in revenues and Operating EBIT, Return on Sales at around 10 percent, and Group result of more than €500 million for the full fiscal year 2010.
Overview of key figures (€ million)
Jan 1, 2010 – Sep 30, 2010 | Jan 1, 2009 – Sep 30, 2009 | |
Consolidated revenues | 11,007 | 10,637 |
Operating EBIT by division Corporate/consolidation Operating EBIT | 1,121
1,053 | 851
784 |
Special items | (33) | (360) |
EBIT | 1,020 | 424 |
Financial result | (415) | (285) |
Earnings before taxes from continuing operations | 605 | 139 |
Income taxes | (190) | (178) |
Earnings after taxes from continuing operations | 415 | (39) |
Earnings after taxes from discontinued operations | (58) | (207) |
Group profit or loss | 357 | (246) |
attributable to Bertelsmann shareholders | 259 | (305) |
attributable to non-controlling interests | 98 | 59 |
Investments | 570 | 527 |
Balance as of Sep 30, 2010 | Balance as of Dec 31, 2009 | |
Net financial debt | 2,632 | 2,793 |
Economic debt* | 5,986 | 6,024 |
Employees | 101,058 | 102,704 |
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). Provisions for pensions have increased from €1,406 million to €1,878 million, mainly due to the discount rate, which has decreased by 1.5 percentage points.
About Bertelsmann AG
Bertelsmann is an international media company encompassing television (RTL Group), book publishing (Random House), magazine publishing (Gruner + Jahr), media services (Arvato), and media clubs (Direct Group) in more than 50 countries. Bertelsmann’s claim is to inspire people around the world with first-class media and communications offerings – entertainment, information and services – and occupy leading positions in its respective markets. The foundation of Bertelsmann's success is a corporate culture based on partnership, entrepreneurial spirit, creativity, and corporate responsibility. The company strives to bring creative new ideas to market and create value.
Bertelsmann celebrates its 175th anniversary in 2010.
For further questions, please contact:
Andreas Grafemeyer
Senior Vice President Media Relations
Phone: +49 – 52 41 / 80 24 66
andreas.grafemeyer@bertelsmann.de
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| Q3_2010_engl.pdf | 44 kB |
