• Germany's news in English
 
app_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

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.

Story continues below…

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)

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
Germany tightens checks of soldiers amid jihadist fears
Photo: DPA.

The German army are planning stricter checks of their soldiers as officials fear that jihadists could be using the armed forces as a way to train.

New train line to cut 2 hours off Berlin-Munich trips
Photo: DPA

It has been 25 years in the making, but on Wednesday the rail line that is set to mark a new era for travel between Germany's capital and its economic powerhouse went live.

AfD leader attacked and beaten in Mainz
Uwe Junge. Photo: DPA

The leader of the far-right Alternative for Germany (AfD) in Rhineland-Palatinate was attacked on the street on Tuesday evening by a group of young men.

100 flights cancelled due to Frankfurt airport security alert
Travelers being evacuated from Terminal 1 of Frankfurt airport. Photo: DPA.

UPDATE: Some 100 flights were cancelled on Wednesday at Frankfurt Airport after the major transfer hub went on alert because a woman had managed to evade security checks.

Record 125k people file suit against Canada trade deal
A leader of one of the groups opposing the trade deal stacks another box full of lawsuit documents, presented to the Constitutional Court on Wednesday. Photo: DPA.

More than 125,000 Germans have filed the largest citizen lawsuit in German history against the controversial proposed CETA trade deal between Canada and the EU.

Merkel: 'Germany will remain Germany'
Photo: DPA.

One year after Angela Merkel first declared "we can do this," leading to a huge uptick in refugees applying for asylum, the Chancellor reflected this week on her policies and the future of Germany.

Nazi beach resort ruin turned into luxury playground
Prora. Photo: DPA

One of the biggest relics left behind by the Nazis is undergoing a radical transformation on a German island, harnessing a property boom to become a luxury tourist destination.

Berlin plans to be first state to arm police with tasers
Photo: DPA.

Berlin's plans to arm police patrols with taser guns would make it the first German state to implement extensive use of the electroshock weapon.

Far-right AfD leader injured by flying frozen cake
Jörg Meuthen and a cake. Photo: DPA

The co-leader of the far-right AfD party was attacked with a cake while attending a political event on Monday. But the fact the dessert was frozen made the act "dangerous", according to the politician.

Underwater pensioner hunts boats on famed Bavarian lake
A passenger boat on Lake Starnberg. Photo: DPA

"I love chasing the ships, and what a great feeling it is when they sound the horn!" he gleefully exclaims.

National
Ouch! Naked swimmer hospitalized after angler hooks his penis
Sponsored Article
Life in Jordan: 'Undiscovered treasure'
National
Six reasons why Berlin is now known as 'the failed city'
National
15 tell-tale signs you’ll never quite master German
Sponsored Article
Why Jordan is the ‘Different’ East
Culture
7 American habits that make Germans very, very uncomfortable
Rhineland
Story of a fugitive cow who outwitted police for weeks before capture
Culture
Eleven famous Germans with surnames that'll make your sides split
Lifestyle
The best ways to get a visa as an American in Germany
Sponsored Article
Jordan Pass: your ticket to the experience of a lifetime
Gallery
Germany's 17 Olympic gold medals in pictures
Sponsored Article
Jordan: where history meets adventure
14 facts you never knew about the Brandenburg Gate
Society
Ten times Germans proved they really, really love beer
Sponsored Article
6 reasons expats use TransferWise to send money
Lifestyle
What's on in Germany: events for August 2016
National
Six things you need to know when moving to Germany
Travel
These 10 little-known German towns are a must see
Sponsored Article
Jordan: where history meets adventure
International
German scientists prove birds can sleep while flying
Sponsored Article
6 reasons expats use TransferWise to send money
Technology
London v. Berlin: Which is better for startups?
Lifestyle
13 mortifying mistakes German learners always make
Travel
Enter if you dare: Berlin's best abandoned haunts
Lifestyle
10 rookie errors all Brits make when they arrive in Germany
National
How to get German citizenship (or just stay forever)
Technology
Brexit will turn Berlin into 'Europe’s startup capital'
7,567
jobs available
Toytown Germany
Germany's English-speaking crowd