Company Overview of Bertelsmann SE & Co. KGaA
Bertelsmann SE & Co. KGaA engages in the production, servicing, and marketing of media worldwide. The company operates through five divisions: RTL Group, Random House, Gruner+Jahr, Arvato, and Be Printers. The RTL Group division operates as a European entertainment network. This division owns and operates 53 television channels and 28 radio stations in 10 countries; and is involved in content production business. The Random House division publishes books in print, audio, and digital formats in English, German, and Spanish languages. The Gruner+Jahr division publishes various magazines, including Stern, Brigitte, Geo, Capital, Gala, Eltern, P.M., Essen & Trinken, and National Geographic. The ...
Founded in 1835
Key Executives for Bertelsmann SE & Co. KGaA
Chief Executive Officer and Chairman of Executive Board
Member of The Executive Board and Chief Executive Officer of Arvato Ag
Member of The Executive Board
Member of Executive Board and Chief Executive Officer of Rtl Group
Compensation as of Fiscal Year 2012.
Bertelsmann SE & Co. KGaA Key Developments
Bertelsmann SE & Co. KGaA Announces Consolidated Financial Results for the First Quarter Ended March 31, 2013
May 16 13
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.
Scout24 May Be Sold To Financial Investors; Bertelsmann And Axel Springer Reportedly Drop Out
Apr 18 13
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.
Update On Bertelsmann Seeking Acquisitions
Apr 17 13
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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