Annual Report 2006 Bertelsmann Financial Highlights
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Annual Report 2006 Bertelsmann Financial Highlights Key Figures (IFRS) 2006 2005 2004 2003 2002 in € millons Business Development Consolidated revenues 19,297 17,890 17,016 16,801 18,312 Operating EBIT1) 1,867 1,610 1,429 1,026 787 Operating EBITA – – – 1,123 936 Operating EBITDA 2,548 2,274 2,112 1,866 1,666 Return on sales in percent2) 9.7 9.0 8.4 6.7 5.1 Operating Bertelsmann Value Added (BVA3)) 101 28 3 – – Bertelsmann Annual Report 2006 Net income 2,424 1,041 1,217 208 968 Investments 1,092 2,565 930 761 5,263 Consolidated Balance Sheet Equity 6,429 9,170 8,846 7,631 7,744 Equity ratio in percent 28.6 40.0 42.2 37.9 34.9 Total assets 22,498 22,932 20,970 20,164 22,188 Economic debt4) 6,760 3,931 2,632 3,227 5,184 Leverage factor5) 2.8 2.2 1.6 1.9 – Employees (in absolute numbers)6) Germany 34,336 32,570 27,350 27,064 31,712 Other countries 62,796 58,989 48,916 46,157 48,920 Total 97,132 91,559 76,266 73,221 80,632 Dividends to shareholders of Bertelsmann AG 120 287 324 220 240 Profi t participation payments 77 76 76 76 77 Employee profi t sharing 73 48 29 29 34 This overview shows the figures reported in the Annual 3) Bertelsmann uses the BVA as a controlling instrument to as- Reports of preceding years. sess the profitability of its operations and its return on capital. 1) With effect from January 1, 2004, Bertelsmann has used 4) Net financial debt plus provisions for pensions and profit Operating EBIT to measure income from operating activity. participation capital The figures for the 2003 and 2002 fiscal years were adjusted 5) Economic debt/Operating EBITDA (after modifications) for the sake of comparability. 6) The number of employees for 2005 has been adjusted to 2) Based on Operating EBIT reflect the changed measuring methodology. Total Revenues by Division Operating EBIT by Division in percent* in percent* Random House 9.8 % Random House 9.4 % RTL Group 28.3 % RTL Group 42.9 % Gruner + Jahr 14.2 % Gruner + Jahr 14.4 % BMG 10.1 % BMG 8.9 % Direct Group 13.4 % Arvato 18.9 % Arvato 24.0 % Direct Group 5.7 % * Based on total from divisions not including Corporate/Consolidation Annual Report 2006 Bertelsmann Financial Highlights Key Figures (IFRS) 2006 2005 2004 2003 2002 in € millons Business Development Consolidated revenues 19,297 17,890 17,016 16,801 18,312 Operating EBIT1) 1,867 1,610 1,429 1,026 787 Operating EBITA – – – 1,123 936 Operating EBITDA 2,548 2,274 2,112 1,866 1,666 Return on sales in percent2) 9.7 9.0 8.4 6.7 5.1 Operating Bertelsmann Value Added (BVA3)) 101 28 3 – – Bertelsmann Annual Report 2006 Net income 2,424 1,041 1,217 208 968 Investments 1,092 2,565 930 761 5,263 Consolidated Balance Sheet Equity 6,429 9,170 8,846 7,631 7,744 Equity ratio in percent 28.6 40.0 42.2 37.9 34.9 Total assets 22,498 22,932 20,970 20,164 22,188 Economic debt4) 6,760 3,931 2,632 3,227 5,184 Leverage factor5) 2.8 2.2 1.6 1.9 – Employees (in absolute numbers)6) Germany 34,336 32,570 27,350 27,064 31,712 Other countries 62,796 58,989 48,916 46,157 48,920 Total 97,132 91,559 76,266 73,221 80,632 Dividends to shareholders of Bertelsmann AG 120 287 324 220 240 Profi t participation payments 77 76 76 76 77 Employee profi t sharing 73 48 29 29 34 This overview shows the figures reported in the Annual 3) Bertelsmann uses the BVA as a controlling instrument to as- Reports of preceding years. sess the profitability of its operations and its return on capital. 1) With effect from January 1, 2004, Bertelsmann has used 4) Net financial debt plus provisions for pensions and profit Operating EBIT to measure income from operating activity. participation capital The figures for the 2003 and 2002 fiscal years were adjusted 5) Economic debt/Operating EBITDA (after modifications) for the sake of comparability. 6) The number of employees for 2005 has been adjusted to 2) Based on Operating EBIT reflect the changed measuring methodology. Total Revenues by Division Operating EBIT by Division in percent* in percent* Random House 9.8 % Random House 9.4 % RTL Group 28.3 % RTL Group 42.9 % Gruner + Jahr 14.2 % Gruner + Jahr 14.4 % BMG 10.1 % BMG 8.9 % Direct Group 13.4 % Arvato 18.9 % Arvato 24.0 % Direct Group 5.7 % * Based on total from divisions not including Corporate/Consolidation Corporate Divisions at a Glance Bertelsmann AG Financial Calendar Production Credits May 15, 2007 Publisher RTL Group Random House Gruner + Jahr BMG Arvato Direct Group Announcement of fi gures for the Bertelsmann AG fi rst three months of 2007 Carl-Bertelsmann-Straße 270 Bertelsmann AG 89.8 % Bertelsmann AG 100 % Bertelsmann AG 74.9 % Sony BMG Music Entertainment: Bertelsmann AG 100 % Bertelsmann AG 100 % Free float 10.2 % Jahr Family 25.1 % Bertelsmann AG 50 % 33311 Gütersloh Sony Corporation of America 50 % May 15, 2007 BMG Music Publishing: Payout of dividends on Profi t Participation Editing and coordination Bertelsmann AG 100 % Certifi cates for the 2006 fi scal year Bertelsmann AG Corporate Communications/ September 4, 2007 Media Relations RTL Group is Europe’s leading broadcasting and TV production The BMG division consists of BMG Music Publishing and the Announcement of fi gures for the company, with holdings in 38 TV channels and 29 radio stations Sony BMG Music Entertainment joint venture, which unites fi rst half of 2007 Design and concept consulting in ten countries, and a worldwide presence in the content pro- labels such as Arista, Columbia Records, Epic Record, Jive and Kirchhoff Consult AG, Hamburg duction sector. RCA Records. November 14, 2007 RTL Group 2006 2005 2004 2003 2002 BMG 2006 2005 2004 2003 2002 Announcement of fi gures for the Photo credits in € millions in € millions fi rst nine months of 2007 Jim Rakete Revenues 5,640 5,112 4,878 4,452 4,362 Revenues 2,017 2,128 2,547 2,712 2,714 Gregg DeGuire/Wireimage Operating EBIT 1) 835 756 668 503 465 Operating EBIT 1) 173 177 162 54 43 Hartmut Blume Operating EBITA – – – 503 465 Operating EBITA – – – 110 125 Bertelsmann AG Employees (in absolute numbers) 11,307 8,970 8,117 7,254 7,378 Employees (in absolute numbers) 3,009 3,736 4,259 4.880 6,452 RTL Group Additional Information Random House Gruner + Jahr Arvato, one of the world’s largest media and communications For journalists Random House is the world’s biggest trade book publishing group. BMG services providers, offers classic printing services as well as mod- Corporate Communications/Media Relations Its portfolio includes more than 120 editorially independent Arvato ern services including service centers, fi nancial clearing, and Phone: +49 - 52 41 - 80 - 2466 imprints, which together publish roughly 9,000 new releases DirectGroup mobile services. [email protected] a year. Arvato 2006 2005 2004 2003 2002 Production Random House 2006 2005 2004 2003 2002 in € millions For analysts and investors Medienfabrik Gütersloh GmbH, Gütersloh in € millions Revenues 4,782 4,365 3,756 3,639 3,668 Investor Relations Revenues 1,947 1,828 1,791 1,776 1,995 Operating EBIT 1) 367 341 310 261 217 Phone: +49 - 52 41 - 80 - 2342 Print Operating EBIT 1) 182 166 140 115 147 Operating EBITA – – – 261 217 [email protected] Mohn Media Mohndruck GmbH, Gütersloh Operating EBITA – – – 147 168 Employees (in absolute numbers) 46,584 42,706 33,813 31,405 31,174 Employees (in absolute numbers) 5,804 5,468 5,383 5,525 5,626 The Annual Report and current information on Bertelsmann are also posted at: The Gruner + Jahr printing and publishing company is Europe’s The Direct Group division brings media to people, from books www.bertelsmann.de biggest magazine publisher. The company publishes more than to DVDs. The selection and service provided by Direct Group’s www.bertelsmann.com 300 magazines and newspapers in over 20 countries, along with clubs, shops and online outlets have won over more than 35 mil- The FSC Logo identifi es products which contain wood from the accompanying online offerings. lion members in 24 countries. well managed forests certifi ed in accordance with the rules of The Annual Report is also available in German. the Forest Stewardship Council. Gruner + Jahr 2006 2005 2004 2003 2002 Direct Group 2006 2005 2004 2003 2002 in € millions in € millions Revenues 2,861 2,624 2,439 2,481 2,800 Revenues 2,665 2,384 2,175 2,286 2,707 Operating EBIT 1) 277 250 210 233 220 Operating EBIT 1) 110 53 32 4 (160) Operating EBITA – – – 234 226 Operating EBITA – – – 4 (150) Employees (in absolute numbers) 14,529 13,887 11,671 11,352 11,367 Employees (in absolute numbers) 14,996 13,717 12,116 11,893 12,309 This overview shows the figures reported in the Annual Reports of preceding years. 1) With effect from January 1, 2004, Bertelsmann has used Operating EBIT to measure income from operating activity. The figures for the 2003 and 2002 fiscal years were adjusted for the sake of comparability. Corporate Divisions at a Glance Bertelsmann AG Financial Calendar Production Credits May 15, 2007 Publisher RTL Group Random House Gruner + Jahr BMG Arvato Direct Group Announcement of fi gures for the Bertelsmann AG fi rst three months of 2007 Carl-Bertelsmann-Straße 270 Bertelsmann AG 89.8 % Bertelsmann AG 100 % Bertelsmann AG 74.9 % Sony BMG Music Entertainment: Bertelsmann AG 100 % Bertelsmann AG 100 % Free float 10.2 % Jahr Family 25.1 % Bertelsmann AG 50 % 33311 Gütersloh Sony Corporation of America 50 % May 15, 2007 BMG Music Publishing: Payout of dividends on Profi t Participation Editing and coordination Bertelsmann AG 100 % Certifi cates for the 2006 fi scal year Bertelsmann AG Corporate Communications/ September 4, 2007 Media Relations RTL Group is Europe’s leading broadcasting and TV production The BMG division consists of BMG Music Publishing and the Announcement of fi gures for the company, with holdings in 38 TV channels and 29 radio stations Sony BMG Music Entertainment joint venture, which unites fi rst half of 2007 Design and concept consulting in ten countries, and a worldwide presence in the content pro- labels such as Arista, Columbia Records, Epic Record, Jive and Kirchhoff Consult AG, Hamburg duction sector.