Bertelsmann issued a first quarter overview and said that for the full year, they expect both “revenues and operating profit to decline.” Sales from continuing operations were 3.5 billion euros for the quarter, down 8 percent from 3.8 billion euros a year ago. Operating EBIT fell sharply at 115 million euros, compared to 253 million euros a year ago, and they recorded a net operating loss of 78 million euros. No breakdowns were provided for individual units of the company. The company says “coming months will continue to be dominated by strict cost discipline.” Though recent efforts have aimed at […]
