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HomeHomeNewsManagementOfficesCompany historyReadathonSearch for:NewsPress Release: 31 March 2015Bertelsmann Achieves Highest Revenues and Operating Result in Seven YearsBerlin, March 31, 2015 – Bertelsmann in the last fiscal year increased both its revenues and its operating result to the highest levels in seven years, while again investing in growing itsbusiness: The international media, services and education company improved its growthprofile and expanded its digital business as well as its international presence with theacquisition of the e-learning provider Relias Learning in the United States and majoritystakes in the video marketer SpotXchange and the multichannel network StyleHaul. expandRevenues increase 3.1 percent to €16.7 billionOperating EBITDA grows 2.7 percent to €2.37 billionGroup profit affected by special itemsInvestments continue at high level and hit €1.6 billionAdvances in strategy implementation improve growth profileMerger of Penguin and Random House contributes to growthEducation business as third pillar alongside media and servicesMedium-term target for Group profit at €1 billionRevenues from Bertelsmann’s continuing operations grew by 3.1 percent, to €16.7 billion in2014 (previous year: €16.2 billion). Key drivers were strategic transactions such as themerger of the Penguin and Random House trade book publishing groups, the full acquisitionof the music rights company BMG, and the expansion of financial and e-commerce servicesat Arvato. The downscaling of businesses in structural decline in part offset this growth.During the past fiscal year, Bertelsmann improved its operating EBITDA by 2.7 percent, to€2.37 billion, also the highest level since 2007 (previous year: €2.31 billion). In particular, theresult reflects a record performance by Mediengruppe RTL Deutschland, a strong list ofbestsellers at Penguin Random House in the U.S. and U.K., and growth in the music rightsbusiness. The EBITDA margin was again high at 14.2 percent (previous year: 14.3 percent).Group profit of €573 million was below the prior year’s level of €885 million. This was theresult of downscaling the print and direct-marketing businesses, expenditures on profitimprovementmeasures, a value adjustment to the Hungarian television business, and theabsence of special items which had boosted group profit the previous fiscal year.Thomas Rabe, Chairman and CEO of Bertelsmann, said: “2014 was a gratifying year for us.Our revenue is the highest it has been in seven years. The same goes for our operatingresult – it is one of the best in Bertelsmann’s history. The implementation of our strategy ispaying off. We again made a number of major advances during the past year. Wesignificantly increased our activities in high-growth areas, further expanded the globallyunique diversity of our creative activities and services, and at the same time disposed ofbusinesses in structural decline. This transformation over the past few years has significantlyimproved the compa
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