Bloomsbury Publishing – unaudited Preliminary Results for the year ended 28 February 2013

May 22, 2013 — Fusion DigiNet

Bloomsbury

Bloomsbury has reported unaudited Preliminary Results for the year ended 28 February 2013. Profit before tax has increased by 16% to £9.8m for the year, with e-book sales growing by 61% to £9.1m over the period.

Turnover is slightly up at 1% to £98.5m, compared to £97.4m for the previous year. Continuing profit before tax and highlighted items was up 3% year-on-year, to £12.5m.

Financial highlights

  • Continuing* profit before tax and highlighted** items up 3% to £12.5 million (2012: £12.1 million)
  • Continuing* profit before tax up 16% to £9.8 million (2012: £8.5 million)
  • Continuing* turnover up 1% to £98.5 million (2012: £97.4 million)
  • Total dividend increased by 5.8% to 5.50 pence per share (2012: 5.20 pence per share)
  • Net cash increased to £14.6 million (2012: £12.6 million)

Click here for full details of the announcement.

Nigel Newton, Chief Executive, said, “This is an excellent performance. Bloomsbury’s core attributes of entrepreneurship, innovation, publicity flair and tight control of costs have led to the delivery of One Global Bloomsbury, and the future performance we have now set the stage for as we enjoy the synergies and sales advantages of having delivered a unified worldwide publishing group. In our strategy for growth we are targeting 50% of profit to be digital within five years, with Bloomsbury being the number one applied visual arts and independent humanities and social science publisher in Europe. Over that time we aim to be the number one publisher of choice in cookery, sport and natural history, with an Information division which has a global base delivering increasing revenues from digital knowledge hubs.

We start the year with a very strong programme led by today’s publication of And the Mountains Echoed by bestselling author Khaled Hosseini”

UK, London

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