Key Financials of the Bertelsmann Group

Key Figures (IFRS)
in € millions	2024	2023	2022	2021	2020
Business Development
Group revenues	18,988	20,169	20,245	18,696	17,289
Operating EBITDA adjusted	3,111	3,119	3,192	3,241	3,143
EBITDA margin in percent1)	16.4	15.5	15.8	17.3	18.2
Group profit	1,036	1,326	1,052	2,310	1,459
Investments2)	1,614	1,438	1,672	1,954	920
Consolidated Balance Sheet
Equity	15,647	15,165	15,043	13,606	10,725
Equity ratio in percent	47.5	46.5	45.8	42.8	36.1
Total assets	32,951	32,622	32,835	31,769	29,704
Net financial debt	2,883	2,267	2,249	959	2,055
Economic debt3)	5,445	4,713	4,785	3,475	5,207
Leverage factor	2.0	1.8	1.8	1.3	1.9
Dividends to Bertelsmann shareholders	220	220	220	180	–
Distribution on profit participation certificates	44	44	44	44	44
Employee profit sharing	63	74	63	89	88

1) Operating EBITDA adjusted as a percentage of revenues.
2) Taking into account the financial debt assumed and purchase price payments for share increases in subsidiaries that were already consolidated, investments amounted to €2,092 million in the financial year 2024 (2023: €1,583 million).
3) Net financial debt plus pension provisions, profit participation capital and lease liabilities (up to and including the financial year 2022 less the short-term liquidable investments in a speacial fund; up to and including the financial year 2021 less 50 percent of the par value of the hybrid bonds).