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Business development in 2009

In 2009 Axel Springer consequently pursued its cross-media business model and thereby outperformed the market within the extremely challenging economic environment. As expected, consolidated revenues and earnings before interest, tax and depreciation (EBITDA) adjusted for special effects and purchase price allocations were lower than the high prior-year comparables. Despite a 4.3 percent decline in revenues as well as high restructuring costs and additional investments in its brands, the Group achieved an EBITDA of EUR 333.7 million (previous year: EUR 486.2 million) and an EBITDA margin of 12.8 percent. With earnings per share at EUR 10.19 the management and supervisory boards will propose the payout of a stable dividend of EUR 4.40 per share.

The right menu bar leads to the sector Economy as well as the Axel Springer AG Annual Report 2009. It can be read as a pdf or in a convenient format for digital scrolling. The Group Management Report can be found on page 32, the chapter on Strategy and Control on page 39, the Development of Business and Earnings on page 51 and the Risks and Opportunities Report on page 80.