Bertelsmann reported sales for 2019 on Tuesday, with Penguin Random House showing gains in sales and profits, primarily from the stronger US dollar and a continuing string of acquisitions, plus decent “organic growth” of 1.5 percent. Topline sales of €3.636 billion were up €212 million from 2018, rising 6.2 percent. Operating EBITDA of €561 million was also up 6.2 percent, or €33 million, compared to €528 million a year ago — though here the result was lifted by an accounting change regarding lease expenses that looks to have provided a one-time boost on the order of €28 million. (Per our […]
