Bauer Consumer Media's pre-tax profits drop 9.5% to £57.3m

Annual pre-tax profits at the magazine company behind Grazia and Zoo were down 9.5% to £57.3m in 2011 after a £17.7m drop in revenues.

Grazia: weekly Bauer title
Grazia: weekly Bauer title

Results for Bauer Consumer Media filed at Companies House this week show it generated revenues of £228.1m during 2011 compared with £245.8m during 2010.

Despite the hit to its top line and boosting the average number staff during the year from 64 to 72, the publisher was able to boost its profit margin by cutting costs.

Its cost of sales fell 5.9% to £89.8m while its administrative expenses were down 10.9% to £80.3m. Staff costs stayed steady at £3.58m.

In 2011 the company paid a £224m dividend via its parent company Bauer Consumer Media Holdings to German company Bauer UK Magazine Gmbh, which is part of the privately-owned media empire of the Bauer family. It did not pay a dividend in 2011.

The family’s Bauer Media Group today agreed to acquire Australian magazine publisher in a deal estimated at AUS $500m (£322m).

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Newspaper ABCs: Digital figures for August 2014

Newspaper ABCs: Digital figures for August 2014

Mail Online continues to lead the websites for the UK's national newspapers, with more than 113 million unique browsers in August, the biggest risers year on year are sites for the Metro (175%) and the Mirror (99%).

Share
Trinity Mirror's Wildman poaches Yahoo's Piers North

Trinity Mirror's Wildman poaches Yahoo's Piers North

Trinity Mirror has poached Piers North from Yahoo to take the new role of digital strategy director at the national and regional newspaper publisher.

Share
Starcom MediaVest appoints Sue Frogley as global commercial director

Starcom MediaVest appoints Sue Frogley as global commercial director

Starcom MediaVest Group has appointed Sue Frogley to the newly created role of global commercial director.

Share

Get news by email