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The German publishing house Axel Springer wants to take the next year of possible acquisitions in the digital magnifying glass. The group's CEO, Mathias Döpfner, is encouraged by the success of the commercial and financial information portal Business Insider
Axel Springer CEO, Mathias Döpfner, sees economic prospects for digital journalism – as with the "Business Insider". (Photo: KEYSTONE / EPA / OLIVER WEIKEN)
(nda / awp / reu)
These have shown increasingly clearly that digital journalism has an economically interesting outlook, said Friday Döpfner. "We win four euros out of five in the digital sector."
The business and second-quarter earnings of the publisher of "Bild" and "Welt" were slightly above market expectations. Springer reiterated its group-wide goals for 2018, but slightly increased its forecast of organic growth in the digital sector ("Classifieds Media"), which propelled Springer share by more than 4%
. The main drivers of growth are by far job portals, real estate and automobiles
Business insiders as hope
For some time now, Berliners have been trying to gain more and more money. money through internet journalism. The business and economic information portal "Business Insider", which has reached its breakeven point earlier than expected.
"An important step that shows that we can monetize more and more journalistic content in the digital world". "We would then have acquisitions, especially for the year 2019 However, concrete measures are neither planned nor foreseeable in the short term." Of course, we will continue to invest in the growth of existing activities ", added Mr. Döpfner The pursuit of the internationalization of "business insiders" and the development of journalistic quality – for example, in the German edition
More sales and profits
L & # 39, flourishing internet activity generates more sales and more profits in the first half of the year, Between January and June, the Group's business turnover increased 5.9% year-on-year to nearly 1.6 billion euros. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased from just under 12% to around 355 million euros
Axel Springer is also active in Switzerland through a joint venture with the media company Ringier. The portfolio includes 30 titles, including Bilanz, Observer, GlücksPost, Schweizer Illustrierte and Handelszeitung.
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