Bertelsmann Q3: Sales Slide; Profits Up Bertelsmann issued one of those very brief, very European third quarter trading updates that doesn’t reveal a lot of information (and does not break out performance by divisions). “Adjusted revenues” (which account for both portfolio changes and “exchange rate effects”) were flat for the quarter at 4.3 billion euros, while the company’s preferred profit measure — operating EBIT — rose 11.7 percent to 314 million euros. But that figure is impaired by a one-time cost of 96 million euros “for the settlement of antitrust proceedings against the advertising time marketer IP Deutschland.” CFO Thomas […]
