Bertelsmann 2006 EBIT up 16% Before One-Offs

German media conglomerate Bertelsmann increased its operating profit by 16% in 2006, driven by a surge at broadcaster RTL Group, it said in a statement on Wednesday.

Bertelsmann said earnings before interest and tax (EBIT) before special items was 1.87 billion euros ($2.49 billion), while sales rose 8% to 19.3 billion euros.

"At this level of profitability, we can generate the cash flow necessary to continue growing without additional debt," Chief Executive Gunter Thielen said.