Bertelsmann Increases Group Profit to Nearly €700 Million at 2017 Nine-Month Mark
The international media, services and education company increased its revenues by 1.3 percent year-on-year to €12.1 billion (previous year: €12.0 billion). Bertelsmann's strategic growth businesses were particularly instrumental in this development: RTL Group's digital activities continued their dynamic growth, increasing by around 30 percent to €560 million. The music company BMG grew by 29 percent; the Bertelsmann Education Group recorded growth of 38 percent. Overall, the share of total revenues contributed by the high-growth businesses increased to 32 percent (previous year: 29 percent). Group profit increased to €694 million at September 30, surpassing the previous year's figure by 6.4 percent (previous year: €652 million). The result before sale of investments was therefore at a record level. With capital gains of €69 million, the Bertelsmann Asia Investments (BAI) fund once again made a high contribution to earnings. Click Read More below for additional information.