EQS-News: Bastei Lübbe AG
/ Key word(s): Change in Forecast
Bastei Lübbe AG reports successful Christmas business and raises forecast for financial year 2023/2024
Especially the community-driven business models in the New and Young Adult segment, as well as the digital audio offering, continue to record strong revenue growth. The publishing brand Community Editions, which specializes in publications by social media artists, is also contributing to the positive development with the successful launch of the new online store “humble but bold”. In addition, the attractive program in the Christmas business is clearly noticeable, especially with bestsellers such as “The Armour of Light” by Ken Follett, “Das Dritte Herz des Oktopus” by Dirk Rossmann and Ralf Hoppe and “Diary of a Wimpy Kid 18” by Jeff Kinney. As a result of the successful Christmas business and the attractive program in all channels, the Executive Board now expects consolidated revenue of between €109 million and €111 million for the 2023/2024 financial year (previous year: €100.0 million) compared to the previously communicated revenue forecast of €100 million to €105 million. The EBIT forecast has been raised again, driven by revenues, and is now expected to range between €12.5 million and €13.5 million (previous year: €7.2 million). In the previous forecast increase for the 2023/2024 financial year, the Executive Board had assumed an EBIT of between €10 million and €11 million, compared to the originally communicated EBIT forecast of €9 million to €10 million. Bastei Lübbe AG is a German general-interest publisher based in Cologne, specialising in the publication of books, audio books and e-books featuring fiction and popular science content. The company’s core business also includes the periodically published novel booklets. With a total of fifteen imprints, the group currently offers several thousand titles in the fields of fiction, non-fiction and children’s and young people’s books. In the growing segment of hardcover fiction, the company has been one of the market leaders in Germany for many years. At the same time, Bastei Lübbe is a driver of innovation in digital media and exploitation channels through the production of thousands of audio and e-books among other things. With annual revenues of around €100 million (2022/2023 financial year), Bastei Lübbe AG is one of the largest medium-sized companies in the German publishing industry. Its shares have been listed in the Prime Standard of the Frankfurt Stock Exchange (WKN A1X3YY, ISIN DE000A1X3YY0) since 2013. Further information can be found at www.bastei-luebbe.de. Barbara Fischer
08.01.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | Bastei Lübbe AG |
Schanzenstraße 6 – 20 | |
51063 Köln | |
Germany | |
Phone: | 02 21 / 82 00 - 0 |
Fax: | 02 21 / 82 00 - 1900 |
E-mail: | investorrelations@luebbe.de |
Internet: | www.luebbe.de |
ISIN: | DE000A1X3YY0 |
WKN: | A1X3YY |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1810283 |
End of News | EQS News Service |
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1810283 08.01.2024 CET/CEST
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