Bertelsmann cuts 2026 outlook on spin-offs

Bertelsmann SE & Co KGaA

26/03/2024 07:00

March 25 (Reuters) - Bertelsmann  BTGGg.F  on Tuesday
slightly cut its outlook for 2026 and now targets group revenue
of around 21 billion euros ($22.79 billion) and operating EBITDA
of around 3.4 billion euros.
    Last year in March, the German media, services and education
conglomerate said it aimed to increase revenues to 24 billion
euros and earnings before interest, taxes, depreciation, and
amortization (EBITDA) to 4 billion euros by 2026.
    In a press release, CEO Thomas Rabe attributed the updated
forecast to the sale of staff outsourcing company Majorel and
the planned sales of RTL Nederland and DDV Mediengruppe.

     


($1 = 0.9216 euros)

 (Reporting by Chiara Holzhaeuser and Paolo Laudani
Editing by Miranda Murray)
 ((Chiara.Holzhaeuser@thomsonreuters.com;
Paolo.Laudani@thomsonreuters.com))