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Ringier Axel Springer Has 20% Margin in Eastern Europe, FTD Says

Ringier Axel Springer Media AG, the joint venture of European newspaper publisher Axel Springer and Zurich-based Ringier AG, has reached a 20 percent margin at its business in Eastern Europe, Financial Times Deutschland said, citing joint venture head Florian Fels.

In Poland, where competition is “intense,” the joint venture is seeking acquisitions, Fels said, according to the German newspaper.

To contact the reporter on this story: Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net

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