Digital Media Drive Profitable Growth of Axel Springer

Posted: 8/17/2012  |  By: World of Print

In the second quarter of 2012, Axel Springer seamlessly sustained the positive business trend enjoyed over the first three months of the year. The Group benefited from strong revenue and earnings growth in its Digital Media segment which reported an EBITDA margin of over 20 percent during the first half year. The Group's EBITDA for the first six months was up 6.9 percent. The significantly improved profitability of the Group's digital media activities and the continued high earnings power of the German print media contributed substantially to these results. Axel Springer saw total revenues rise by 6.2 percent through organic growth and the consolidation of new companies. The Management Board confirmed its full-year guidance in view of the good business performance to date.