Hamburg, March 29, 2012
Gruner + Jahr looks back on a good fiscal 2011: G+J recorded a slight, mainly organic growth in revenues in the period under review, with the operating result remaining high and above the level of the pre-crisis years. Adjusted revenues reached a level of 2.29 billion Euro1 (2010: 2.26 billion Euro), operating EBIT was 233 million Euro (2010: 260 million Euro). Thus the operating result for 2011 again significantly exceeded pre-crisis levels. The anticipated decline was due to a significant increase in paper prices, higher development costs for digitization, a large number of innovative new publication titles as well as being due to weak market and business performance in Southern European markets and in the printing sector. Return on sales in the period under review reached a level of 10.2 percent, following 11.5 percent in the previous year. ...more