Random House Reports Earnings, 200% E-book Sales Growth
The revenue growth was fueled by the ad-sales-driven divisions - RTL Group and
Gruner + Jahr - and the outsourcing service provider Arvato. In terms of earnings, the positive impulses came mostly from the television business and Random House's book publishing business. During the reporting period, RTL Group benefited from good business in its core markets of Germany, France and the Netherlands, while at Random House the U.S. business and the digital operations performed especially well. The magazine publisher Gruner + Jahr generated higher advertising and circulation revenues and optimized its publishing and editorial structures. Arvato increased its revenues noticeably, but higher prices for energy and paper as well as start-up costs for new projects led to a decline in operating EBIT.
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