Bertelsmann reports first nine months' profit up 5.6% year-over-year to €377M; sales up 2.3% to €10.7B with increases in all divisions

GUTERSLOH, Germany , November 10, 2011 (press release) –

  • Revenues increase to €10.7 billion
  • Operating EBIT stable at €1.03 billion
  • Group profit rises to €377 million
Bertelsmann, the international media group, reports increased revenues and Group profit for the first nine months of the 2011 fiscal year. Group revenues from continuing operations for January to the end of September 2011 increased by 2.3 percent to €10.7 billion. Excluding portfolio and currency effects, organic growth came to 2.8 percent. All of the Group’s divisions contributed to this result. At €1,032 million (previous year: €1.043 million) Operating EBIT remained stable at a high level; it was impacted by start-up losses incurred as planned in the building of new businesses. Return on sales was 9.6 percent for the period (previous year: 9.9 percent).

Group profit at the end of September was €377 million, up from €357 million for the first nine months of the previous year. One major contributing factor was a substantially improved financial result, an item that was impacted by capital measures in the prior year.

Bertelsmann remains confident about the results of the full year and confirms its forecast of moderate growth in Group revenues, Operating EBIT slightly below last year’s, and a year-on-year increase in Group profit.

Overview of figures (in € millions)
 

January 1, 2011 – September 30, 2011

January 1, 2010 – September 30, 2010

Consolidated revenues (from continuing operations)

10,735

10,495

Operating EBIT by division

Corporate/consolidation

Operating EBIT (from continuing operations)

1,131

(99)

1,032

1,118

(75)

1,043

Special items

(69)

(33)

EBIT

963

1,010

Financial result

(301)

(411)

Earnings before taxes from continuing operations

662

599

Income taxes

(180)

(186)

Earnings after taxes from continuing operations

482

413

Earnings after taxes from discontinued operations

(105)

(56)

Group profit or loss

377

357

attributable to: Earnings attributable to Bertelsmann shareholders

274

259

attributable to: Earnings attributable to non-controlling interests

103

98


Investments

593

570


Balance as of

September 30,

2011

Balance as of

December 31, 2010

Net financial debt

2,242

1,913

Economic debt*

5,282

4,915

Employees (headcount)

(at continuing operations)

100,232

97,528


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).


About Bertelsmann AG

Bertelsmann is an international media company whose core divisions encompass television (RTL Group), book publishing (Random House), magazine publishing (Gruner + Jahr), and outsourcing services (Arvato) in 50 countries. In 2010, the company’s businesses, with their 100,000 employees, generated revenues of €15.8 billion. Bertelsmann stands for a distinctive 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.

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