Bertelsmann revenues for first six months of 2014 were Euro 7.846bn up 6.7%. Nevertheless profits declined by 39% largely because the previous year’s figures had been boosted by windfall gains. Subsequently Bertelsmann downgraded its full-year forecasts.
Underlying or operating profit edged 0.4 percent higher to 1.015 billion euros.
“The first six months of 2014 went satisfactorily for Bertelsmann. The significant increase in revenues is a testament to the effectiveness of our strategy, and last year’s big investments are paying off,” said chief executive Thomas Rabe.