Bertelsmann records significant profit hike in Q1-2012
- Revenues up five percent to €3.64 billion
- Operating EBIT rises to €280 million
- Group profit increases to €147 million
Bertelsmann, the international media company, is off to a good start in 2012: the Group reports increased first-quarter revenues, operating EBIT and group profit. Revenues generated by Bertelsmann’s continuing operations during the reporting period increased by five percent to €3.64 billion (prior year: €3.46 billion), while operating EBIT increased from €248 million in Q1/2011 to €280 million. Return on Sales was 7.7 percent (prior year: 7.2 percent). Group profit increased significantly to €147 million (prior year: €94 million).
Bertelsmann Chairman & CEO Thomas Rabe comments: “Bertelsmann started the new year on a high note. All of our divisions including Corporate Investments are seeing growth, and our earnings performance is also very gratifying. This underscores the good starting position that Bertelsmann has established for its planned long-termed reshaping into a faster-growing, more digital and more international company. Looking at the full year, we are confident of achieving our target of moderate revenue growth, stable operating EBIT at a high level, and increased group profit.”
Overview of key figures (€ million, continuing operations)
Jan 1, 2012 to Mar 31, 2012 | Jan 1, 2011 to Mar 31, 2011 | |
Consolidated revenues | 3,637 | 3,464 |
Operating EBIT divisions Corporate/consolidation Operating EBIT | 308 (28) 280 | 298 (50) 248 |
Special items | 5 | (22) |
EBIT (earnings before interest and taxes) | 285 | 226 |
Financial result | (83) | (90) |
Earnings before taxes from continuing operations | 202 | 136 |
Income taxes | (55) | (34) |
Earnings after taxes from continuing operations | 147 | 102 |
Earnings after taxes from discontinued operations | - | (8) |
Group profit or loss | 147 | 94 |
attributable to Bertelsmann shareholders | 110 | 64 |
attributable to non-controlling interests | 37 | 30 |
Investments | 153 | 204 |
Balance as of | Balance as of 12/31/2011 | |
Net financial debt | 1,832 | 1,809 |
Economic debt* | 5,083 | 4,913 |
Employees | 101,021 | 100,626 |
The comparative figures for the previous period have been adjusted in accordance with IFRS 5.
*Net financial debt plus pension provisions, profit participation capital and net present value of operating leases (continuing operations).
About Bertelsmann
Bertelsmann is an international media company whose core divisions encompass television (RTL Group), book publishing (Random House), magazine publishing (Gruner + Jahr), and services (Arvato) in some 50 countries. In 2011, the company’s businesses, with their more than 100,000 employees, generated revenues of €15.3 billion. Bertelsmann stands for a combination of creativity and entrepreneurship that empowers the creation of first-rate media, communications, and service offerings to inspire people around the world and to provide innovative solutions for customers.
For further questions, please contact:
Bertelsmann AG
Andreas Grafemeyer
Senior Vice President Media Relations
Phone: +49 – 52 41 / 80 24 66
andreas.grafemeyer@bertelsmann.de
Attachment
| Name | Size |
|---|---|
| Q1_2012_engl.pdf | 30 kB |
