Bertelsmann’s Quarter Bertelsmann issued their traditionally scant thrid quarter trading update, reporting a 2.4 increase in sales for the period to 4.4 billion euros. They did not actually break out net income for the past three months, but if you compare the nine-month total of 362 million euros to the 339 million euros reported in September, you see it was a mere 23 million euros. Overall the company attributes the nine-month decline in earnings compared to last year to a variety of taxes and special items. CFO Thomas Rabe indicated he still expects pre-tax profit to rise by 10 percent […]
