Bertelsmann reported results for the first half of the year, with sales at Penguin Random House (inclusive of the separate RH Germany, which they only break out in the annual report) just above flat, at €1.532 billion (€16 million higher than a year ago). Operating EBITDA of €206 million was €21 million higher than a year ago. But results at the midpoint of 2016 were significantly lower than the same period in 2015, when sales were €1.697 billion and EBITDA was €207 million, buoyed by the rising dollar. Currency exchange may be the most important factor the company does not discuss in the current […]
