Global publishing giant Bauer posted the second-highest turnover in its company history and praised its print business as 'the platform for our success.'
Bauer Media Group recorded sales of EUR 2.316 billion in fiscal year 2015, with the group's magazine business making the greatest contribution.
Europe’s largest magazine publisher generated total global sales of EUR 1.689 billion in its Print business during 2015. Magazine sales accounted for EUR 1.292 billion of the total. The company's radio business achieved the strongest growth - after acquisitions in Scandinavia and the UK - with sales up 38% to EUR 320 million.
“Our growth is based on innovative products and the constant nurturing of our brands," says publisher Yvonne Bauer. "Print is the platform for our success. In addition, we will continue to expand the pillars Radio and Digital and make further strategic investments in all our business fields.”
Sales outside Germany accounted for 65.6 percent of total turnover – a slight increase on the previous year . Bauer Media Group is active in 20 countries and sells 1.3 billion magazines around the world.
In Australia, Bauer publishes 60 magazines including The Australian Women’s Weekly, Woman’s Day and TV Week. The company has shut down several underperforming titles including Women’s Fitness, Madison and ZooWeekly.