Financial Roundup

05 May 2005

Germany (calendar Q1)

  • Bertelesmann
       The German media company reported stronger first-quarter earnings despite flat sales.
       The company, which controls book publisher Random House and European broadcaster RTL Group, says QI profit rose 49% from a year earlier to €58 million ($74m; £39m) from €39 million. Sales stagnated at €3.8 billion, the third straight quarter of flat sales at the company.
       Bertelsmann offered no explanation for the weak sales growth, but reiterated its full-year forecast for an increase in earnings and revenue.

    UK (fiscal Q3)
  • BSkyB
       The top British pay-TV company reported third-quarter earnings up by more than 50% after adding 95,000 subscribers, ahead of analysts' expectations.
       The Murdoch family controlled company notched pretax profit, excluding goodwill and exceptional items, of £209 million ($395m; €306m) for the three months to March 31.
       Revenues climbed 9% to £1.02 billion. The company's marketing costs increased more than fourfold to £379m, or 13% of revenue. BSkyB has launched an aggressive marketing campaign as part of ceo James Murdoch's growth strategy.

    Data sourced from multiple origins: additional content by WARC staff