Thu, 27/02/2014 - 12:02
Reed Elsevier has reported an increase in full-year profit and earnings.
The publishing company said its operating profit and earnings “grew well” in 2013, as it saw underlying revenue growth across “all major business areas.”
As a result, it has recommended a 7% increase in full year dividend for...
Wed, 26/02/2014 - 09:50
The Quarto Group has rebranded its publishing divisions, and announced what c.e.o. Marcus Leaver called a "solid performance" for 2013.
The business saw a slight dip in revenue for the year ended 31st December 2013, with a revenue of $176.3m, down 2.5% from $180.9m in 2012.
Profit before tax dropped to $5.8m, down 18...
Thu, 13/02/2014 - 09:30
Simon & Schuster increased worldwide publishing revenues by 5% year-on-year to $225m (£135m) in the fourth quarter of 2013, which the company attributed to an increase in print book sales.
Publishing OBITDA increased 19% to $37m (£22m) in the quarter ending 31st December 2013, with the growth driven by higher revenues...
Tue, 11/02/2014 - 09:20
Hachette parent company Lagardère has reported net sales for Hachette UK up 1.5% in 2013.
Releasing its full year net sales for 2013, Lagardere as a whole was down 1.3% on 2012, to a total of €7.216bn. However its publishing division had a “good performance in almost all markets” and Lagardère said books...
Thu, 06/02/2014 - 09:15
Independent publisher Oneworld has hailed a “record” year for UK sales in 2013, increasing turnover by 45% to £2.5m year-on-year.
The Bloomsbury-based company said much of its success was down to a hike in print sales through the recently-revamped Waterstones stores, where sales doubled during 2013, making it the...
Tue, 04/02/2014 - 09:25
Accounts filed in the US have showed that Amazon’s sales growth slowed in the UK during 2013.
Amazon’s UK sales grew by 12.6% to £4.5bn last year, according to accounts filed by Amazon’s US parent company.
However, this figure is just over half the 21% growth delivered between 2011 and 2012...
Mon, 03/02/2014 - 15:28
Cengage Learning has reached an agreement with its major creditors to reduce its outstanding debt by $4bn.
The US-based company confirmed that its global stakeholders have agreed to support its “Plan of Reorganisation” which includes shifting its business model to digital products and services.
Under the terms of...
Fri, 31/01/2014 - 15:08
Penguin Random House’s parent company Bertelsmann has announced preliminary figures for 2013, which show group revenue was up by about 2% to €16.4bn (£13.5bn) compared to the same period last year.
Group net income is expected to exceed €800m (£656m), said the company, “putting it well above the...
Fri, 31/01/2014 - 09:30
Waterstones m.d. James Daunt said the company’s plan for recovery was “on track” after its losses more than halved in 2013.
The most recent set of annual results showed sales at Waterstones were down by 2.9% to £398.5m in the 12 months to April 2013. The decline was much shallower than the 11.1% drop in...
Fri, 31/01/2014 - 09:10
Amazon’s shares have fallen by 10% in after-hours trading after the online retailer failed to match analysts’ profit expectations in the run up to Christmas.
However, the online retailer still reported a significant increase in profit and sales for the October-December period in 2013.
It racked up net profits of...