Bertelsmann’s revenues dropped 1.9% to €7.43 billion ($9.8 billion), due to a difficult market environment and several structurally declining businesses.  Net profit rose 11% to €306 million ($405 million) in the first six months of this year.

Thomas Rabe, chairman and CEO, stated: “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.”