EQS-News

Bastei Lübbe confirms higher forecast with strong nine-month figures

EQS-News: Bastei Lübbe AG / Key word(s): Quarterly / Interim Statement Bastei Lübbe confirms higher forecast with strong nine-month figures 08.02.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement.

Bastei Lübbe confirms higher forecast with strong nine-month figures
 

• Group revenues in the first nine months of the 2023/2024 financial year increased by 15.3 percent over the previous year to €84.4 million (previous year: €73.2 million)
• Significant increase in Group EBIT to €11.7 million (previous year: €4.8 million) in tandem with substantially wider EBIT margin of 13.9 percent (previous year: 6.6 percent)
• Revenues driven by strong Christmas business and growth in community-driven business models
• Previously raised full-year 2023/2024 forecast confirmed

Cologne, 8 February 2024 – Bastei Lübbe AG, a general-interest publishing group listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN DE000A1X3YY0), has continued on the dynamic trajectory emerging in the first half of the year, growing significantly again in the third quarter of its 2023/2024 financial year, while achieving further increases in profitability. As a progressive full-range publisher with diverse entertainment and specialist areas of interests for all age groups and a comprehensive range of media channels, the group is benefiting from its broad strategic orientation and successful Christmas business.

“At the beginning of January, we raised our forecast for the current financial year and can now impressively confirm this with our nine-month figures. I am particularly pleased with the broad basis of this very favourable performance. Almost all of our business lines are moving jointly in the right direction and confirming our corporate strategy,” explains Soheil Dastyari, CEO of Bastei Lübbe AG.
 

Growth driven by fiction catalogue, Christmas business and community models

In the period from April to December 2023, Bastei Lübbe AG generated Group revenues of €84.4 million, up from €73.2 million in the same period of the previous year, equivalent to an increase of 15.3 percent. The attractive fiction catalogue had a positive impact on Christmas business, driven by best sellers such as “The Weapons of Light” by Ken Follett, “Das dritte Herz des Oktopus” by Dirk Rossmann and Ralf Hoppe and 18th volume of “Diaries of a Wimpy Child” by Jeff Kinney.