BMG parent Bertelsmann saw revenues grow by 3.1% to hit €16.7 billion in 2014.

The figure marks Bertelsmann’s best revenue result in seven years, according to the company. The previous year saw revenues of €16.2 billion.

Group profit of €573 million was, however, down from €885 million in the previous year. “This was the result of downscaling the print and direct-marketing businesses, expenditures on profit-improvement measures, a value adjustment to the Hungarian television business, and the absence of special items ...