• Skip to main content
  • Skip to primary sidebar
  • Login
  • Register
Publishers Lunch logo Publishers Lunch logo
  • Publishers Marketplace
  • Site Guide
  • Help
Login Sign Up
  • Personnel
  • AI
  • Compensation
  • Unions
  • Book Bans
  • New Releases
  • Earnings
  • The Trial
  • Archives
Publishers Lunch logo
  • Publishers Marketplace
  • Site Guide
  • Help
  • Publishers Marketplace
  • Site Guide
  • Help

May 7, 2020By Michael Cader

Moody’s Expects Bertelsmann’s Sales to Fall 15 Percent and Not Fully Rebound Until 2022

May 7, 2020By Michael Cader

Moody’s downgraded their ratings on Bertelsmann’s debt to Baa2, but they improved their outlook for the company from negative to stable. While Bertelsmann did not provide any guidance for the year in their recent first-quarter trading update, Moody’s forecasts that full-year sales will fall 15 percent, and that EBITDA “could decrease by around 30 percent.” Beyond that, Moody’s “expects revenues and EBITDA to progressively recover in 2021, but EBITDA will not reach 2019 levels until 2022.” The service says: “The downgrade reflects our expectation of a material contraction in the company’s revenues and profits in 2020 on the back of […]

Login to read full story

Filed Under: Finance

sidebar

Primary Free Sidebar

Login

Forgot Password Quick Pass User Login
Get Full Access
The Publishing Industry’s Essential Daily Read

Each Publishers Lunch Deluxe subscription includes full access to our searchable multi-year archive of industry news, a nightly email reporting 10 to 50 deal transactions, and our database of industry contacts, scripts, and posting privileges.

Learn More

RSS Automat

  • Pearson to Acquire Career and Technical Education Leader eDynamic Learning June 16, 2025 Press Release
  • James Frey Has Rich Friends, and They Like His New Book June 12, 2025 WSJ
  • Leon Levy Foundation Awards $300,000 Grant to the Authors Guild Foundation to Preserve Literary Advocacy Archives June 10, 2025 Authors Guild
  • Trending: Tote Bags That Hold Just A Book June 10, 2025 Elle
  • Hadley, MA B&N Workers OK Union Contract After Two Years of Negotiation June 6, 2025 Daily Hampshire Gazette
  • Authors Guild Update On Albert Whitman Bankruptcy Hearing June 5, 2025 AG post
  • "Frozen Yogurt and Fiction Collide" As Pinkberry Promotes Emily Henry (And Their Limited Flavor, Summer Melon Crush) June 3, 2025 Press release
  • JennaFest Draws 200 Readers; She Says She Is Collaborating On a Screen Project with Elin Hilderbrand June 2, 2025 Today
  • Chicago Sun-Times Investigation Admits Everyone Remotely Connected to Bogus AI Supplement Was Lazy, Greedy, or Both May 30, 2025 Sun-Times
  • Shocker: Unbound Successor Boundless Backs Off Promise to Paid Owed Royalties, As Co-Founder and Publisher John Mitchinson Leaves May 30, 2025 Bookseller
Publishers Marketplace logo

Contact Us

News

  • Publishers Marketplace
  • Report News
  • Discuss
  • Classifieds
  • Rights Offerings

Deals

  • Report A Deal

Books

  • Buzz Books

Jobs

  • Job Board
  • Privacy Policy Terms of Use