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PRH Gains in 2020 On “Growing US Business” and Digital Increases

March 30, 2021
By Sara Grace

Bertelsmann reported financial results for 2020, with Penguin Random House showing substantial gains in profit and a strong sales performance with meaningful “organic” sales growth for the first time since Penguin and Random House merger (see table below), helped by a string of acquisitions in 2019. Sales were €3.802 billion, up €166 billion from 2019, or 4.6 percent higher. Operating EBITDA was €691 million, rising €130 over 2019, up 23 percent. In the past Bertelsmann reported actual profit for the PRH joint venture with Pearson, which was €321 million in 2019 — but that measure has been retired now that […]

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Filed Under: Earnings Reports, Publishers

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