German media holding company Axel Springer (AXELF.PK) Tuesday posted second-quarter net income from continued operations of 76.0 million euros or 0.59 euros per share, higher than, 60.0 million euros or 0.51 euros per share a year ago.
On an adjusted basis, earnings per share was down to 0.60 euros per share from 0.63 euros a year ago.
Adjusted for non-recurring effects earnings before interest,taxes, depreciation and amortization or EBITDA rose to 147.8 million euros from 136.6 million euros in the year-ago period.
Quarterly revenues were up 8 percent to 744.4 million euros from 689.1 million euros last year.
Prior-year figures were adjusted due to the disclosure of discontinued operations.
Looking ahead, for the fiscal 2014, the company said it expects adjusted earnings per share to be higher than last year by an amount in the low double-digit percentage range. Total revenues are estimated to rise by an amount in the mid single-digit percentage range and EBITDA is expected to rise by an amount in the low double-digit percentage range.
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