Axel Springer announced earnings results for the third quarter and nine months ended September 30, 2016. For the quarter EBITDA was actually up by 13%. Net income attributable to shareholders was EUR 88.3 million, or EUR 0.82 per share, compared to EUR 137.2 million, or EUR 1.39 per share, for the same quarter ended September 30, 2015. Revenues were EUR 801.5 million compared to EUR 795.4 million for the same quarter ended September 30, 2015.

For the nine months EBITDA rose 5.8% to EUR 419 million. Revenues increased organically by 4.7%. Adjusted EPS rose by 6.5% to EUR 7.71 (sic). Net income attributable to shareholders was EUR 348 million, or EUR 3.23 per share compared to EUR 217.5 million, or EUR 2.20 per share, for the same period ended September 30, 2015. Revenues were EUR 2.39 billion compared to EUR 2.37 billion for the same period ended September 30, 2015.

For the group, the company expects revenues to be on the prior year level. EBITDA is expected to grow in the low to mid-single-digit percentage area, and the adjusted EPS in the mid- to high single-digit percentage range.