As often happens, ahead of Bertelsmann actually announcing their annual results, Germany’s Manager Magazin is claiming to report what’s in store. Bear in mind the publication has been wrong before in their pre-reporting (which is amusing, since Bertelsmann’s Gruner + Jahr owns part of the magazine). What they claim is that Bertelsmann will miss their own expectations, with sales up 2 percent for the year and profits falling slightly, by 0.9 percent, to 650 million euros. They also claim that sales at Random House have fallen to “approximately 1.7 billion euros” and EBIT will be down about 5 percent at […]
