Bertelsmann Achieves Record Result in First Half of 2013
Bertelsmann achieves record result in first half of 2013
- Good progress with Group reshaping
- €7.43 billion in Group revenues
- Record Operating EBIT at €768 million
- Group result exceeds €400 million for the first time in more than ten years
Gütersloh, August 30, 2013 - The international media company Bertelsmann made good progress with its Group reshaping during the first half of 2013 while also generating a record operating profit.
Against the backdrop of a difficult market environment and several structurally declining businesses, Group revenue decreased slightly by 1.9 percent to €7.43 billion (H1 2012: €7.57 billion). In contrast, operating EBIT reached €768 million, a new record level (H1 2012: €730 million). RTL Group in Germany and the Random House book publishing group delivered particularly good performances. Return on Sales was in the double digits at 10.3 percent (H1 2012: 9.6 percent), while Group net income improved significantly to €419 million (H1 2012: €350 million), the highest it has been since 2002. The first six months also saw several special items, including a gain from the acquisition of full ownership in the music rights company BMG. The Bertelsmann Value Added (BVA), which measures the profit realized above and beyond the cost of capital, was €102 million for the first half (H1 2012: €90 million).
Thomas Rabe, Chairman & CEO of Bertelsmann, said: "The first six months of this year went well for Bertelsmann. Our operating profit reached record levels, and our return on sales was in the double digits, clearly demonstrating that Bertelsmann is reshaping the Group from a position of strength. We have made good progress on our four strategic priorities - strengthening the core, digital transformation, building growth platforms, and expanding our activities in growth regions. In recent months, the combination of Random House and Penguin into the world's first truly global book publisher, the acquisition of the Gothia Financial Group, and the acquisition of full ownership in our music rights business BMG were milestones that will make Bertelsmann a faster growing, more digital and more international company. Overall, our total investments including assumed financial debt during the first six months of the year came to €1.6 billion. The successful public-trading placement of RTL Group shares gives us the leeway to further advance our Group reshaping."