Key Financials of the Bertelsmann Group

Key Figures (IFRS)
in € millions	2023	2022	2021	2020	2019
Business Development
Group revenues	20,169	20,245	18,696	17,289	18,023
Operating EBITDA adjusted	3,119	3,192	3,241	3,143	2,887
EBITDA margin in percent1)	15.5	15.8	17.3	18.2	16.0
Group profit	1,326	1,052	2,310	1,459	1,091
Investments2)	1,438	1,672	1,954	920	1,240
Consolidated Balance Sheet
Equity	15,165	15,043	13,606	10,725	10,445
Equity ratio in percent	46.5	45.8	42.8	36.1	38.2
Total assets	32,622	32,835	31,769	29,704	27,340
Net financial debt	2,267	2,249	959	2,055	3,364
Economic debt3)	4,713	4,785	3,475	5,207	6,511
Leverage factor	1.8	1.8	1.3	1.9	2.6
Dividends to Bertelsmann shareholders	220	220	180	–	180
Distribution on profit participation certificates	44	44	44	44	44
Employee profit sharing	74	63	89	88	96

1) Operating EBITDA adjusted as a percentage of revenues.
2) Taking into account the financial debt assumed and purchase price payments for share increases in subsidiaries that were already consolidated, investments amounted to €1,583 million (2022: €2,168 million).
3) Net financial debt plus pension provisions, profit participation capital and lease liabilities (up to and including the financial year 2022 less the short-term liquidable investments in a speacial fund; up to and including the financial year 2021 less 50 percent of the par value of the hybrid bonds).