◾ Revenues in Q1 2019 rise to €4.21 billion, highest first-quarter revenues since 2008
◾ Organic growth improves to 3.5 percent
◾ High-growth businesses show organic revenue growth of 12.8 percent
◾ Strategic progress across all divisions
◾ Forecast confirmed
Bertelsmann has made a successful start to its current financial year: The international media, services and education company recorded improved organic growth and a significant increase in revenues in the first quarter of 2019. This positive development has been driven by the Group’s digital and high-growth businesses.
Group revenues increased by 5.4 percent to €4.21 billion (prior-year quarter: €3.99 billion), the highest first-quarter revenues since 2008. Organic growth improved to 3.5 percent. Bertelsmann’s high-growth businesses performed particularly well, recording organic revenue growth of 12.8 percent. Their share of total revenue amounted to 34 percent.
Bertelsmann Chairman & CEO Thomas Rabe said: “The start of this year was very promising. Bertelsmann looks back on one of its best first quarters in recent years. The strategic expansion of our high-growth businesses in recent years is increasingly bearing fruit. In the first few months of 2019, we once again made considerable progress in implementing our strategy. One focus was stepping up the establishment of collaborations, such as the Bertelsmann Content Alliance in Germany. We will continue to invest in our businesses’ creativity and entrepreneurship over the course of the year and are confident of achieving our targets for the full year.”
Bernd Hirsch, Bertelsmann’s Chief Financial Officer, said: “We have had a very successful first quarter. We continue to expect higher revenues and continued high operating profitability for the full year. Our Group profit should exceed the billion-euro mark again.”