High investments planned
Bertelsmann achieves record sales
03/30/2023 10:04 am
Bertelsmann boss Thomas Rabe sees the group on the right track. Above all, the strong increase in revenues is cause for optimism.
Bertelsmann achieved record sales last year and is optimistic about 2023. The revenues climbed by 8.3 percent to 20.2 billion euros, as the media, service and education group from Gütersloh announced. At around 3.2 billion, the result remained stable at the level of the previous year.
Group boss Thomas Rabe spoke of a successful financial year: “The corporate restructuring and the strategy of the past decade are showing their effect.” The company is highly profitable. “We will invest five to seven billion euros in our boost strategy by 2026.” For the current financial year 2023, the group expects a moderate to significant increase in sales and a stable operating result.
The bottom line is that the group result in 2022 largely halved to 1.1 billion euros, but in 2021 high sales profits also led to a profit of 2.3 billion euros.
Rabe recently failed in France and the Netherlands in his plan to create national champions in the European television market around the Bertelsmann subsidiary RTL. In addition, the 2.2 billion dollar takeover of the US publisher Simon & Schuster by the Bertelsmann subsidiary Penguin Random House burst, which cost the company 200 million dollars for a severance payment.