In the traditionally modest European quarterly trading update style, Bertelsmann reported sales of 3.9 billion euros (up 8.5 percent from a year ago) and operating EBIT from continuing operations of 256 million euros (down 36 percent). CEO Thomas Rabe said in the release: “Our operating performance is good, and last year’s major transactions are paying off. We invested heavily in our content and services businesses in the first three months of 2014 and have made significant progress in putting our strategy into action.” Rabe also reiterated plans to invest in education, adding: “In the long-term, this sector will become a […]
