BERTELSMANN SE & CO. KGAA Interim Report 2021
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At a Glance
Key Figures (IFRS)
in € millions | H1 2021 | H1 2020 | ||
Business Development | ||||
Group revenues | 8,691 | 7,848 | ||
Operating EBITDA | 1,417 | 994 | ||
EBITDA margin in percent1) | 16.3 | 12.7 | ||
Group profit | 1,368 | 488 | ||
Investments2) | 573 | 402 | ||
Consolidated Balance Sheet | ||||
6/30/2021 | 12/31/2020 | |||
Equity | 12,075 | 10,725 | ||
Equity ratio in percent | 42.0 | 36.1 | ||
Total assets | 28,725 | 29,704 | ||
Economic debt3) | 4,432 | 5,207 | ||
Due to rounding, there may be slight variances in the percentages calculated in this report.
The prior-year comparatives have been adjusted. Further details are presented in the section "Prior-Year Information" in the Consolidated Financial Statements as of December 31, 2020.
- Operating EBITDA as a percentage of revenues.
- Taking into account the financial debt assumed, investments amounted to €573 million (H1 2020: €456 million).
- Net financial debt less 50 percent of the par value of the hybrid bonds plus pension provisions, profit participation capital and lease liabilities.
Contents
2 | Highlights of the First Six Months | 21 | Condensed Interim Consolidated |
Financial Statements | |||
4 | Foreword | ||
21 | Consolidated Income Statement | ||
6 | Group Interim Management Report | 22 | Consolidated Statement of Comprehensive |
Income | |||
Fundamental Information about the Group | 23 | Consolidated Balance Sheet | |
24 | Consolidated Cash Flow Statement | ||
7 | Corporate Profile | 25 | Consolidated Statement of Changes in Equity |
7 | Strategy | 26 | Segment Information |
8 | Value-Oriented Management System | 27 | Selected Explanatory Notes |
Report on Economic Position | 39 | Responsibility Statement | |
8 | Corporate Environment | 40 | Review Report |
- Significant Events in the Current
Financial Year | 41 | Additional Information |
10 Results of Operations | 41 | Production Credits/Contact |
- Net Assets and Financial Position
- Performance of the Group Divisions
-
Significant Events after the Balance
Sheet Date
- Risks and Opportunities
- Outlook
Interactive Interim Report
The Bertelsmann Interim Report 2021 can also be accessed online at ir2021.bertelsmann.com
Bertelsmann Interim Report January- June 2021 | 1 |
Highlights of the First Six Months
- Major consolidation moves agreed in Germany, France, the Netherlands and Belgium, for significant value creation
-
Strong growth in streaming services: TV Now in Germany and Videoland in the Netherlands together surpass the
3 million subscriber mark - Fremantle expands content production business with new Global Factual unit for high-end documentaries
- Renowned fiction and nonfiction and ongoing audio boom fuel revenues and earnings growth
- Focus on diversity and inclusion: investment in new, multi- cultural content for publishing programs, and commitment to enhanced diversity in the publishing teams
- Organic growth through launch of new publishing imprints in the UK, Germany, the US, India, South Africa and Australia
www.rtlgroup.com | www.penguinrandomhouse.com |
- Arvato Supply Chain Solutions increases usable logistics space by around 100,000 m², creating conditions for further growth
- Arvato Systems systematically expands cloud computing expertise and develops into a leading provider of cloud migration products and services
- Arvato Financial Solutions expands its existing "pay-after- delivery" cooperation with a leading online mail order company and successfully transfers it to other national markets in Europe
- DeutschlandCard multi-partner rewards program enjoys profitable growth and expands its partner network to include EDEKA Nord
- Core market of books sees further systematic expansion through successful integration of two US production facilities acquired in late 2020
- Rotogravure capacities adjusted to reflect sharp drop in demand: print production at Prinovis site in Nuremberg discontinued as planned on April 30
www.arvato.com | www.bertelsmann-printing-group.com |
2 Highlights of the First Six Months
- G+J invests €5 million in expansion of its fast-growing Plus offerings such as "Stern Plus"
- With "Guidos Deko Queen", the publisher expands its successful personality magazine segment and launches a new type of home and lifestyle magazine, flanked by an eponymous new TV show on VOX
- "Stern" shows social commitment by collecting 350,000 signatures for the Bundestag petition "Pflege in Würde" ("Care in Dignity"), while "Brigitte" and "Eltern" advocate putting an end to discrimination against parents
- BMG delivers best first-half-year result since it was founded
- Creating value together: BMG and KKR join forces to acquire music rights
- BMG continues to focus on service, fairness and transparency, leading the music industry debate about justice
www.guj.com | www.bmg.com |
- The coronavirus pandemic accelerates shift to digital and blended learning solutions
- Relias's new ed-tech based training program meets growing demand for home health service skills in the US
- Udacity launches School of Cybersecurity to help enter- prises and governments combat increase in cybercrime
- Bertelsmann Investments' global portfolio grows to more than 260 young companies and funds
- Bertelsmann signs acquisition of 25 percent equity stake and 46 percent of voting rights in Nasdaq-listed education provider Afya
- Focus on expansion of existing portfolio and 23 new investments via BAI and BDMI funds
www.bertelsmann-education-group.comwww.bertelsmann-investments.com
Bertelsmann Interim Report January- June 2021 | 3 |
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Bertelsmann SE & Co KGaA published this content on 31 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2021 16:41:10 UTC.
