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    AXELF   DE0005501357

AXEL SPRINGER SE

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Axel Springer : Editor of top German newspaper suspended in compliance probe

03/13/2021 | 03:50pm EST

BERLIN — The chief editor of Germany's top-selling newspaper, the daily Bild, has been temporarily suspended at his request while allegations of “compliance violations” are investigated, the paper's publisher said Saturday.

Publishing company Axel Springer SE said Bild Editor-in-Chief Julian Reichelt denied the allegations, which the company didn't detail, citing the ongoing investigation.

Axel Springer said in a statement that “the internal compliance management has called in external experts,” and that so far there was no “clear evidence” against Reichelt.

“To make sure that the investigation process can be seen through to the end undisturbed, and the editorial team can work without further burdens, (Reichelt) has asked the Axel Springer board to release him from his functions until the accusations have been clarified,” it added. “In the meantime, the release has become effective.”

While the investigation continues, Alexandra Wuerzbach, the chief editor of Bild's Sunday edition, Bild am Sonntag, will take charge of the editorial office, Axel Springer said.

© 2021 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2019 3 112 M 3 469 M 3 469 M
Net income 2019 99,6 M 111 M 111 M
Net Debt 2019 1 953 M 2 177 M 2 177 M
P/E ratio 2019 75,9x
Yield 2019 1,66%
Capitalization 7 066 M 8 585 M 7 877 M
EV / Sales 2018 2,11x
EV / Sales 2019 2,78x
Nbr of Employees 16 120
Free-Float -
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Managers and Directors
Mathias D÷pfner Chief Executive Officer
Julian Deutz Chief Financial & Human Resources Officer
Ralph Max BŘchi Chairman-Supervisory Board
Stephanie Caspar President-Technology & Data
Friede Springer Deputy Chairman-Supervisory Board
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