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Bertelsmann Moves into University Business

Bertelsmann takes a controlling stake in United States-based Alliant International University in a step to diversify and expand into the business of operating universities.  This is part of Bertelsmann’s strategy to make education a top priority. It has vowed to achieve 1 billion euros ($1.13 billion) in revenue from a global market which is estimated to be worth $5.5 trillion ... Read More »

Bertelsmann Finance Chief Judith Hartmann Quits

Bertelsmann’s finance chief Judith Hartmann will leave the company at the end of January 2015.  Privately-held Bertelsmann, which controls broadcaster RTL Group, did not give a reason for Hartmann’s departure. The company said it would decide on a successor in due course and that Chief Executive Thomas Rabe will take interim responsibility for the financial department.  Bertelsmann is also co-owner of ... Read More »

Bertelsmann First Half 2014 Revenues Up 6.7%

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 ... Read More »

Arvato Financial Invests in Financial Incubation Startupbootcamp FinTech

In keeping with the philosophy, “finance goes next generation,” arvato Financial Solutions is investing in Startupbootcamp FinTech, which specializes in supporting financial-technological innovations and the latest technologies in order to provide for and equip financial services. In doing so, this arvato subsidiary is going beyond the scope of a classic financial service provider. In the future, its goal is to ... Read More »

Bertelsmann Closes Book Club

A Bertelsmann era has ended with the death of a former 700 million Euro business.  It announced the closing of its book club business.  By the end of 2015 all transactions should be converted to e-book subscriptions.   Bertelsmann severs one of its roots.  Reinhard Mohn (1921-2009), a publisher of bibles, established the “Bertelsmann Lesering” in 1950.  The club became ... Read More »

Bertelsmann Q1 2014 Revenues up 8.5%

Bertelsmann has begun the 2014 fiscal year with considerable revenue growth and a record operating result.  The international media and services group’s consolidated revenue from continuing operations rose sharply by 8.5 percent during the first-quarter reporting period to €3.90 billion (previous year: €3.60 billion).  The increase was driven by Arvato’s takeover of the e-commerce service provider Netrada and by the ... Read More »

Arvato Strengthens Growth Platform eCommerce Through Acquisition of Netrada Group

International service provider Arvato acquires major parts of Hanover-based Netrada Group and combines both companies’ eCommerce businesses.  The merger turns Arvato into one of Europe’s leading service providers for integrated eCommerce services.  The combined business activities will jointly generate a turnover of over EUR 300 million; the joint number of employees will increase to over 3,000. The transaction is as ... Read More »

Bertelsmann Boosts 2013 Revenues to $22.1 Billion, Up 2%

Bertelsmann published preliminary year-end figures which show the parent company of broadcaster RTL Group and X Factor/American Idol production house FremantleMedia increased total revenues by around 2 percent to $22.1 billion (€16.4 billion) in 2013.  Operating profit (EBITDA) was up $135 million to $3.1 billion (€2.3 billion) with EBIT profits on par with 2012 figures, the company said. Bertelsmann said ... Read More »

Callcredit on the Block

According to Sky News a pack of buyout firms is vying with Germany’s Media Firm Bertelsmann, for control of Callcredit, one of the UK’s fastest-growing credit information businesses.  Sky News understands that a handful of bidders are competing to buy Callcredit Information Group, including Charterhouse, Permira and Chicago-based GTCR.   It is unclear which arm of Bertelsmann has expressed an interest ... Read More »

Bertelsmann Q3 2013 Revenues Flat – Group Profits Up 19%

Bertelsmann recorded a positive business performance for the first nine months of fiscal 2013. All key earnings figures improved, with revenues slightly up to €11.45 billion (previous year: €11.42 billion). Earnings before interest, taxes, depreciation and amortization (operating EBITDA) adjusted for special items rose to €1.47 billion (previous year: €1.43 billion). Operating EBIT reached the record level of €1.10 billion ... Read More »

Bertelsmann Revenues for First Half of 2013 Dropped 1.9%

Bertelsmann’s revenues dropped 1.9% to €7.43 billion ($9.8 billion), due to a difficult market environment and several structurally declining businesses.  Net profit rose 11% to €306 million ($405 million) in the first six months of this year. Thomas Rabe, chairman and CEO, stated: “We have made good progress on our four strategic priorities — strengthening the core, digital transformation, building growth ... Read More »

Arvato (Bertelsmann) Acquires Gothia Financial Group

The Bertelsmann subsidiary Arvato AG is acquiring Gothia Financial Group headquartered in Norway and thereby combining its financial services activities.  The combination with its subsidiary Arvato Infoscore as a nucleus makes Arvato Europe’s number 3 in the fast growing field of Business Information and Financial Services with a combined revenue of more than EUR 500 million.  Arvato and Herkules Capital, ... Read More »

Bertelsmann Revenues in 2012 Increased by 4.5%

German media group Bertelsmann said it expects revenue to increase due to acquisitions after sales and profit rose last year.  In 2012, revenue rose 4.5% to 16.1 billion euros ($20.7 billion), helped by Random House’s bestsellers and the German TV business.  Net profit increased to EUR484 million from EUR465 million and return on sales was 10.8%. Read More »

Bertelsmann Raises Cash to Fund Acquisition Drive

Bertelsmann is on the prowl for acquisitions to accelerate growth.  It intends to sell a 2 billion-euro ($2.7 billion) stake in broadcasting division RTL Group SA (RTL) to fund such acquisitions.  Potential targets are said to include Deutsche Telekom AG (DTE)’s online classifieds business Scout24 Holding GmbH as well as Springer Science & Business Media. Source: Businessweek.com Read More »