In a short (and general) third-quarter trading update, Bertelsmann says that its “strict cost discipline is producing positive fiscal developments.” Sales fell 4.5 percent of 3.6 billion euros, as net income improved to 87 million euros (up from just 15 million euros a year ago). For the the first nine months of their fiscal year, sales are down 6.6 percent and operating EBIT has declined almost 19 percent. No divisional figures were provided.Statement
