• Germany's news in English
 
jobs_header_v3

Record profits for media colossus Axel Springer

The Local · 7 Mar 2012, 11:19

Published: 07 Mar 2012 11:19 GMT+01:00

Facebook Twitter Google+ reddit

Springer, which publishes Germany's mass-circulation Bild daily, said in a statement that net profit rose by 5.6 percent to €289.4 million last year.

Underlying profits, as measured by earnings before interest, tax, depreciation and amortisation (EBITDA), were up 16.2 percent at €593.4 million on a 10.1 percent increase in sales to €3.185 billion.

"We achieved record results in 2011," said chief executive Mathias Döpfner.

"This development was due to the significant growth of earnings and revenues in the digital media and print international segments as well as the continued high profitability of the national print media."

In addition to Bild, Springer also publishes the daily Die Welt.

Looking ahead to the current year, Springer said that assuming there was no significant economic downturn, it expected to generate a "single-digit percentage increase in total revenues in 2012."

While circulation revenues were expected to decline slightly, they would be "more than offset by higher total advertising revenues and total other revenues," the company predicted.

Any drop in revenue in the national and international print business would be "more than made up´ by higher revenues in the digital media business," Springer said.

Overall, underlying earnings would be slightly higher than in 2011, with lower earnings in the print business, but "substantially higher earnings in the digital business," the company said.

AFP/jcw

The Local (news@thelocal.de)

Facebook Twitter Google+ reddit


Your comments about this article

10:31 March 8, 2012 by Shiny Flu
The moral of the story: Lies, half-truths and rumours sell.
Today's headlines
Berlin vs Munich: whose newborn polar bear is cuter?
Berlin's (left) and Munich's (right) newborn bears. Photos: Tierpark Berlin / DPA

Both city zoos welcomed baby polar bears into the world in November, with Berlin zoo its releasing first photos on Friday. But which one is more adorable?

Learn how to speak German like a silver screen icon
Dirty Harry. Photo: DPA

We all agree that there is no other option than to learn irregular German verbs by rote. But when you want a bit of downtime, why not learn from your big screen heroes?

Stolen Dachau 'Work will set you free' gate found: police
The entrance to Sachsenhausen concentration camp. Photo: DPA

An iron gate from the former Nazi concentration camp in Germany's Dachau with the slogan "Arbeit macht frei" ("Work will set you free") has been found two years after it was stolen, police said Friday.

Mystery flight path artist draws new message in sky
Photo: DPA

A pilot who likes to draw patterns in the sky using his flight path has returned with his greatest artwork yet.

Berlin 'abusing power' to stop Snowden coming to Germany
Edward Snowden. Photo: DPA

Opposition parties have accused the coalition government of overstepping its authority in its attempt to block American whistleblower Edward Snowden's trip to Germany.

Germany gains record number of Michelin-star restaurants
Head of the Michelin Guide, Michael Ellis (centre) with Michelin-star chefs at a presentation in Berlin. Photo: DPA.

Germany had a slew of newly minted Michelin-star restaurants this year, and its top-rated establishments held onto their prestigious three stars.

At last: Germany passes major disabled rights reform
People in wheelchairs watch as the German parliament deliberates on the new disability rights reform. Photo: DPA.

For years people with disabilities in Germany have called for legislation to provide them with better benefits and opportunities in life and work. On Thursday the German parliament passed such a reform - but is it enough?

How new German rules are holding refugee families apart
Children wait for food in Jarablus, Syria. Photo: DPA

Germany, trying to staunch the flow of Syrian refugees, has placed high hurdles for them to be reunited with their families, creating a Kafkaesque nightmare in the courts.

10 German Christmas cookies you have to bake this winter
Photo: DPA

Fire up your ovens and get ready to bake - here are ten festive German cookies and pastries that'll send your senses into paroxysms of yuletide joy.

5 things we learnt reading Germany's first Charlie Hebdo
Photo: DPA.

The very first German edition of Charlie Hebdo hit the shelves across the country on Thursday. So what can Germans expect if they buy it?

Lifestyle
10 German Christmas cookies you have to bake this winter
Sponsored Article
The key to launching your international career
Lifestyle
Our 10-step guide for doing Christmas just like a German
National
Here's why so many Germans vote for the far-right AfD
National
7 events in Germany that'll make December unforgettable
Lifestyle
7 frosty German sayings to make you a winter wordsmith
National
This is how unequal German society has become
National
Six things you should know about the Lufthansa strike
National
9 ways living in Germany will make you a better person
National
These 10 German Christmas markets cannot be missed
Features
8 German words that unlock amazing secrets in English
Culture
10 German words with simply hilarious literal translations
Lifestyle
7 things Germans do that make foreigners feel awkward
International
Why Donald Trump's grandad was booted out of Germany
National
This is what is really inside your Döner kebab
National
Rejoice! Christmas markets start opening across Germany
Education
These German universities are best at landing you a job
Travel
Why Heidelberg is Germany's most inspiring city
Lifestyle
This soppy German Christmas ad will bring you to tears
National
Here's where Germans speak the best (and worst) English
Culture
10 German books you have to read before you die
Culture
U-Bahn train found filled with autumn foliage in Berlin
Features
Seven German words that unlock amazing secrets about English
Travel
Germany's ten most beautiful towns you've never visited
6,627
jobs available
Toytown Germany
Germany's English-speaking crowd