In a brief third quarter trading update (in the European tradition) Bertelsmann says they had “stronger growth in revenues and profits” over the past three months “than during the first half of the present fiscal year” — when sales had grown modestly, though due to currency exchange and acquisitions, sliding on an organic basis. Sales were up €141 million in the third quarter (or 3.5 percent), to €4.112 billion, as “operating EBITDA improved markedly.” For the first 9 months, Bertelsmann has earned €573 million in operating profit, a record for this point in the fiscal year and equal to what they earned […]
