bertelsmann_logo_03 140x90Bertelsmann, the international media, services and education company, increased its revenues and achieved a significant growth in operating result in the first quarter of 2015. Group revenue increased to €3.92 billion (previous year: €3.90 billion) despite the disposal of several structurally declining businesses.

Operating EBITDA was up by 6.7 percent to €463 million (previous year: €434 million). This increase was driven chiefly by book publishing, the German-language TV business, and the expansion of the education sector. The EBITDA margin grew from 11.1 to 11.8 percent. Group net income increased significantly, rising to €143 million (previous year: €106 million).

Bertelsmann Chairman & CEO Thomas Rabe commented: “The year started well for Bertelsmann.  We achieved a record operating result, to which our strategic actions in particular contributed, such as the combination of Penguin and Random House. Based on our high level of profitability we can continue to drive the Group’s transformation forward – including by expanding our education business, where we made significant progress in the first quarter.”

Bertelsmann expanded its investment in the education business in February with the addition of the noted Alliant International University and in March increased its stake in the educational service company Synergis Education. In the long term, Bertelsmann plans to expand education into its third pillar of business alongside media content and services.

Other transactions during the reporting period included the acquisition of the French online company Oxygem by the RTL Group subsidiary Groupe M6. SpotXchange, a platform operator for automated online video ad sales, entered the European market. In China, BMG signed a comprehensive distribution agreement with the e-commerce company Alibaba. The venture capital fund Bertelsmann Asia Investments (BAI) added investments in the e-commerce company Birdex, the dating site Tan Tan, and the mobile marketing specialist OptAim to its portfolio.

Source:  Bertelsmann Press Release