BMG CEO Says Digital Distribution Changes Are ‘Paying Off’ as Company Reports 11% Revenue Gain

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Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

BMG earnings for H1 2024 show that revenue was up 11%, as its CEO says changes are paying off, including taking digital distribution in-house.

says taking his company’s digital distribution in-house and operational changes — two initiatives launched during his first year at the helm — are paying off.

BMG’s first-half organic revenues grew by 12.5% while operating earnings before interest, taxes, depreciation and amortization — a closely watched measure of growth — rose by 35.5% to 122 million euros . EBITDA margin was 26.5%, up from 21.7% in the first six months of 2023. BMG’s catalogs again underpinned that margin figure, as the company acquired 10 catalogs during the first half of the year. Details of those deals were not disclosed.

 

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Belgique Dernières Nouvelles, Belgique Actualités