German media group Bertelsmann said Tuesday it expects revenue
to increase due to acquisitions after sales and profit rose last
year.
MAIN FACTS:
- Bertelsmann targets continued organic and acquisition growth
in the coming years with the planned merger of its Random House
book publishing unit with Pearson PLC's (PSON.LN) Penguin, as well
as taking full ownership of music rights company BMG, being first
steps.
- Excluding these transactions, given low economic growth in the
euro region and increased investment in reshaping the group,
Bertelsmann expects a stable or slightly declining business
performance in 2013, with return on sales remaining in the double
digits.
- In 2012, revenue rose 4.5% to 16.1 billion euros ($20.7
billion), helped by Random House's bestsellers and the German TV
business.
- Net profit increased to EUR484 million from EUR465 million and
return on sales was 10.8%.
-Write to the Frankfurt Bureau at
djnews.frankfurt@dowjones.com
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