Group reports record results: Bertelsmann is raising profit expectations

At the beginning of the year, Bertelsmann only expects a moderate increase in sales.

Group reports record results: Bertelsmann is raising profit expectations

At the beginning of the year, Bertelsmann only expects a moderate increase in sales. The Gütersloh-based group is now presenting a record profit for the first six months. The positive developments at the TV subsidiary RTL and in the music business are also responsible for this.

Despite a more tense TV advertising market, the Bertelsmann Group is sticking to a positive forecast for the year and is even raising it in some cases. CFO Rolf Hellermann said: "We are now expecting a significant to strong increase in revenue, also due to portfolio effects. Operating profit is expected to remain stable at a record level before investments in RTL Group's streaming business. "

In the spring, the prospect of a moderate increase in sales was given. According to its own information, the media, service and education company from Gütersloh achieved a record operating result of around 1.43 billion euros in the first half of the year. A year ago it was 1.42 billion euros. Group sales increased by 6.9 percent to EUR 9.3 billion within a year, with organic growth amounting to 3.8 percent. In particular, the television subsidiary RTL Group, the music company BMG and the service provider Arvato contributed to the positive development.

"We are very satisfied with the business development in the first half of 2022," said CEO Thomas Rabe. The company will continue to pursue the ambitious plans and "invest five to seven billion euros by 2025 to once again bring Bertelsmann to a higher level of sales and earnings."

ntv Nachrichtenfernsehen GmbH is a company of RTL Deutschland GmbH, which belongs to the RTL Group.