Profits Up at Random, On Slightly Improved Sales Bertelsmann announced results for their fiscal year this morning in Germany, and Random House’s performance essentially matched CEO Peter Olson’s description in his end-of-year letter. Similar to last year’s performance, sales nudged up “slightly,” by just over two percent, to 1.83 billion euros, as profitability increased more dramatically, to 166 million euros. Olson cites this as “continuing our steady upward trend of the last few years,” though the unit is still below 2002’s sales of 1.995 billion euros. (Profits, reported then as Ebita rather than Ebit, were 168 million euros.) Random […]
