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

The Thinkbox TV Planning Awards - video
[Sponsored feature]

The Thinkbox TV Planning Awards - video

Watch the video from the Thinkbox TV Planning Awards, held in association with Campaign and Media Week, where PHD and Drum stole the show.

Share
Facebook confirms 'monetisation test' for media contributors

Facebook confirms 'monetisation test' for media contributors

Facebook has confirmed plans to offer video contributors a share of advertising revenues generated around posts, in a move that will increase competition with Google's YouTube.

Share
Wimbledon online game makes data entry fun

Wimbledon online game makes data entry fun

#MakeTheTeam by OgilvyOne UK gives tennis fans a glimpse of life as an IBM data capturer.

Share

Get news by email