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Company Overview of Bertelsmann SE & Co. KGaA
Company Overview
Carl-Bertelsmann-Strasse 270
Gutersloh, 33311
Germany
Founded in 1835
104,155 Employees
Key Executives for Bertelsmann SE & Co. KGaA
Bertelsmann SE & Co. KGaA Key Developments
Bertelsmann SE & Co. KGaA announced consolidated financial results for the first quarter ended March 31, 2013. For the quarter, the company reported operating EBIT divisions of €320 million against €298 million a year ago. Consolidated revenues (continuing operations) was €3,633 million against €3,663 million a year ago. Operating EBIT (continuing operations) was €303 million against €279 million a year ago. EBIT was €397 million against €284 million a year ago. Earnings before taxes from continuing operations was €315 million against €199 million a year ago. Earnings after taxes from continuing operations was €207 million against €145 million a year ago. Group profit was €207 million against €145 million a year ago. Net financial debt as on March 31, 2013 was €2,020 million against €1,218 million a year ago. The increase in earnings was driven by increased profitability in almost all the core businesses, and gains from the acquisition of full ownership in the music rights company BMG, which was completed at the end of March.
Deutsche Telekom AG (DB:DTE) might have to divest have to divest Scout24 Holding GmbH to financial investors after Bertelsmann SE & Co. KGaA (DB:BTG4) and Axel Springer AG (DB:SPR) decided against a takeover, Manager Magazin reported without citing sources. The report stated that Deutsche Telekom was asking €2 billion for Scout24 and due to the price Bertelsmann’s Chief Executive Officer, Thomas Rabe cancelled the takeover discussions. Scout24 is assessed to make earnings before interest, taxes, depreciation and amortization (EBITDA) of €80 million per year.
Bertelsmann SE & Co. KGaA is planning to raise €1.6 billion through a secondary public offering of the shares of RTL Group SA (BDL:006146252). The funds raised will be used to make major acquisitions and strike strategic partnerships to accelerate growth. Thomas Rabe, Chief Executive Officer of Bertelsmann, plans to spend €3 billion on acquisitions over three years.
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To contact Bertelsmann SE & Co. KGaA, please visit www.bertelsmann.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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