Axel Springer profits from digital growth in first quarter, half of revenues now come from outside Germany
Overall, Axel Springer increased its consolidated revenues during the first three months of 2015 by 12.7 per cent – an increase of 1.2 per cent on 2014.
Mathias Döpfner, CEO of Axel Springer said: “We are making excellent progress with our plans for domestic and international growth and raising our profile as leading digital publisher. Due to the successful internationalisation of our digital business, we are now generating nearly half of our revenues outside of Germany.”
International growth
During the first quarter, Axel Springer’s growth in Germany and abroad was driven by advancing digitisation, according to the company. The pro-forma revenues from digital activities increased to €469.7m and the organic growth of digital media amounted to 11.2 per cent.
International revenues increased by 24.8 per cent to € 370.3m (PY: EUR 296.7 million) and the company generated 47.4 per cent of its revenues in international markets (PY: 42.9 per cent).
More about Axel Springer’s Q1 results.
More like this
Axel Springer to fund mobile shopping platform
