Bertelsmann announced headline results for the first quarter of 2023, with sales up 5.6 percent to €4.8 billion and organic growth of 2 percent. They maintained their full-year forecast of “moderate to significant revenue growth and a stable operating result,” according to cfo Rolf Hellermann. Penguin Random House was a “main revenue driver” for the company, along with a few other divisions, with a “strong first quarter” led by Prince Harry’s SPARE, which the company says sold more than 4 million copies across formats. In a release, chair & ceo Thomas Rabe said, “We are growing significantly and will continue […]
