Thursday, March 26, 2009

Random House Year End Results

From Wednesday's Publishers Lunch:
Bertelsmann reported annual results this morning in Germany, with sales at Random House falling 6.3 percent for the year, to 1.721 billion euros, as EBIT [Earnings Before Interest & Tax] fell even more, down 21 percent at 137 million euros. (After the first six months of the year, Random had been down almost 8 percent in sales and nearly 30 percent in EBIT.) . . . those sales are the lowest recorded in the past seven years (during which the company has made multiple acquisitions) . . .

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