Bastei Lübbe AG reported consolidated earnings results for the nine months ended December 31, 2016. For the period, the company generated revenue of EUR 118.4 million after EUR 81.5 million in the same period of the previous year. The sharp rise of EUR 36.9 million (45.3%) is attributable to higher revenue in nearly all segments as well as consolidation of the majority investment in BuchPartner GmbH from 1 April 2016. Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 24.0% to EUR 9.3 million as against EUR 7.5 million in the same period of the previous year. Generated earnings were impacted by numerous items of non-recurring expenditure totaling around EUR 2 million. Much of this decrease is due to increased scheduled write-downs on royalties. Group earnings improved by 76.9% in the reporting period to EUR 2.3 million after EUR 1.3 million in the same period of the previous year. Earnings per share were up from EUR 0.11 in the first nine months of 2016 to EUR 0.19.

The management board continues to view the prospects for the current 2016-2017 financial year as positive. The management board has not identified any indications of a significant change to the revenue and earnings forecast for the 2016-2017 financial year.