Financial | The Bookseller

Bertelsmann sees group profit rise in first quarter

Publication Date: Thu, 16/05/2013 - 10:00

Random House parent Bertelsmann has made "significant strides" in implementing its growth strategy over the first quarter of 2013, with a 43% rise in group profit to €207m (£175m) over the period.

In its results for the 12 weeks to 31st March, operating EBIT was up to €303m (£256m), compared to €...

Bertelsmann | BMG | Charlotte Williams | Financial | Gothia | Home | Penguin | random house | Thomas Rabe
Amazon's 2012 tax bill revealed

Publication Date: Thu, 16/05/2013 - 09:40

Amazon.co.uk paid £3.2m in UK tax last year, after making £7.7m in profit, according to accounts filed at Companies House today (15th May). Its turnover for the year to 31st December 2012 was put at £320m.

Both profits and turnover figures represented year-on-year rises, with profit up over 500% and turnover up 54...

amazon | Companies House | Downing Street | Financial | Home | House of Commons | Lisa Campbell | Retail | tax | Warwick and Kenilworth Bookshops
Profits rise at S&S in first quarter

Publication Date: Thu, 02/05/2013 - 09:00

Profits at Simon & Schuster have risen in the in the first quarter of 2013, despite a fall in sales.

S&S' parent company CBS did not break out details for S&S in the UK.

The publisher saw profits before depreciation and amortisation rise by 20%, growing to $12m (£7.7m) in the quarter ended 31st March 2013...

CBS | digital | Financial | Home | International | Joshua Farrington | Results | Simon & Schuster | Stephen King | Steve Jobs | Walter Isaacson
'Rewarding' upturn for Canongate

Publication Date: Fri, 12/04/2013 - 09:24

Canongate has seen steep rises in profits and turnover for the year ended 31st December 2012, with publisher and m.d. Jamie Byng describing the upturn as “hugely rewarding”.

In 2012 the company had a turnover of more than £9.6m, a rise of £1.9m (25%) on 2011’s turnover, adjusted for the sale of its 70%...

Canongate | digital | Financial | Home | Independents | Jamie Byng | Joshua Farrington | Kindle | Life of Pi | Results | WikiLeaks
Book sales fall 6% at W H Smith

Publication Date: Thu, 11/04/2013 - 10:16

Book sales at W H Smith dropped 6% like-for-like in the six months to 28th February, according to the company's latest half-yearly financial results. However its range of Kobo e-readers and accessories saw a "strong performance", the company said.

W H Smith Group profit-before-tax increased 5% to £69m, even though...

digital | e-books | e-readers | Financial | Home | Kobo | Lisa Campbell | Results | Retail | W H Smith
Random hails 'most successful year of all time'

Publication Date: Tue, 26/03/2013 - 10:40

Random House enjoyed a record year in 2012, with worldwide sales up 23% and profits up by 76%. In the UK chief executive Gail Rebuck hailed the performance as the publisher's "most successful year of all time", citing a range of bestsellers as well as e-book sales, now up to 22% of group sales.

Parent Bertelsmann does...

Bertelsmann | Financial | Gail Rebuck | Home | Philip Jones | random house | Results
Quarto looks to cut debt after 2012 revenue fall

Publication Date: Tue, 12/03/2013 - 10:05

Quarto has revealed plans to cut debt by divesting of businesses "detracting from shareholder value", as it reported 2012 results showing falls in revenue and profit.

The illustrated book publisher's revenue for the year...

Financial | Joshua Farrington | Marcus Leaver | Quarto
News Corp's publishing wing 'to have $2.6bn'

Publication Date: Tue, 12/03/2013 - 09:15

News Corp's publishing arm, which will include HarperCollins, will have $2.6bn in cash and no debt when it is spun off from the main business in June, according to a Bloomberg report.

The parent company, headed by Rupert...

Bookseller Staff | Financial | HarperCollins | Home | newscorp
Wiley looks to make $80m annual savings

Publication Date: Fri, 08/03/2013 - 14:41

Wiley will endeavour to make $80m in annual cost savings going forward as part of an ongoing bid to restructure its business.

The publisher revealed that book sales declined by $0.9m in its third quarter results. Print sales were down 4% to $3.1m, while e-book sales rose by 20% to $2.2m. Overall digital book sales for the quarter were...

Financial | Home | Lisa Campbell | wiley
'Significantly higher' 2012 earnings reported for Hachette UK

Publication Date: Fri, 08/03/2013 - 11:00

Hachette UK c.e.o. Tim Hely Hutchinson has said 2013 will be a year of "major change" with the unveiling of "winning plans for the future".

Speaking as parent company Lagardere reported its full-year results for 2012, Hely Hutchinson disclosed that digital accounted for as much as 50% of some UK author's...

Charlotte Williams | Financial | Hachette UK | Home | Lagardere