Bertelsmann Keeps Group Profit Near-Stable in First Half of 2020
During the reporting period, Bertelsmann’s Group revenues declined by 8.9 percent to €7.8 billion (H1 2019: €8.6 billion). The organic decline in revenues was 7.9 percent. The Group’s growth businesses were stable at €2.9 billion. They now account for 37 percent of total revenues, after 35 percent in the previous year. BMG, Majorel, Arvato Supply Chain Solutions, Arvato Financial Solutions, and the Bertelsmann Education Group, developed positively. Operating EBITDA was €1.01 billion (H1 2019: €1.29 billion). The RTL Group and Gruner + Jahr divisions in particular felt the effects of the corona-related decline in the advertising markets. In contrast, the Arvato services businesses increased their operating earnings. BMG and the Bertelsmann Education Group posted operating EBITDA at the previous year’s level. Group profit remained stable overall at €488 million (H1 2019: €502 million).