Alongside more detailed corporate reporting elsewhere, Bertelsmann issued a brief first quarter trading update on Thursday, with revenues of €4.2 billion, versus €4.1 billion a year ago. Penguin Random House was among the three divisions that “delivered particularly strong performances” and “double-digit organic growth rates. (Note that topline growth at the company was far lower than the estimated “organic” growth, suggesting that foreign exchange weighed on results.) Separately, Penguin Random House Grupo Editorial announced an agreement to acquire Spanish-language children’s and YA imprints Molino and Serres, along with Catalan-language imprint, La Magrana, from the RBA Group close once the relevant […]
