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Ad Recovery Continues to Help Bertelsmann Results

November 11, 2010
By Michael Cader

Bertelsmann has reported continuing strength in their business, with sales for the third quarter of 3.649 billion euros and operating EBIT of 265 million euros, yielding after-tax profit of 111 million euros. (In the European tradition, they simply report results for the first 9 months of the year; we subtract out and isolate the most recent quarter, since the other results have already been reported.) The company says results were “fueled by a recovery in the overall economy including an upturn in the advertising industry; long-view cost measures; and a brisk business performance both in conventional and digital media.” They […]

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Filed Under: Earnings Reports, Publishers

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