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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