Wednesday 02. December 2009
Bertelsmann improves 3rd-quarter result and group net income year on year
The “2+5” program initiated by the Bertelsmann AG Executive Board, which centers on reducing costs and boosting efficiency, is increasingly showing an impact; the Groups strict cost discipline is producing positive fiscal developments. In Q3/2009, the operating result grew by 14 percent year on year to 284 million (previous year: 249 million). This improved result was achieved with revenues that declined by 4.5 percent to 3.6 billion (previous year: 3.8 billion). Return on Sales amounted to 7.9 percent (previous year: 6.6 percent). Group net income for the period from July to September 2009 was 87 million (previous year: 15 million).