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Igloo to focus on expansion after year of growth
20.08.12 | Lisa Campbell
Igloo Books is looking to extend its list and digital strategy after its year-end results show the indie publisher has effectively "doubled in size" over the last two years.
The company achieved sales of £19.8million for the year to end of March 2012, up by £3 million from 2011. Profit for the company also grew by over £2m, from £4.81m to £6.10m in the same year, while the number of people the company employs has nearly doubled from 2009 to 82 after revenue raised "allowed for considerable expansion".
Igloo Books, which was shortlisted for the Bookseller Industry Awards 2012 Independent Publisher of the Year award, now says it will continue to focus on content, its digital strategy and extending its picture book and cookery lists, publishing 192 new titles this autumn and continuing its recruitment drive.
John Styring, c.e.o. at Igloo, said: "I am pleased to report substantial revenues for Igloo Books within a time of massive growth for the company. I’m immeasurably proud of our achievement over the past two years, effectively doubling the size of our company and our staff numbers.
"Our focus on quality content has ensured momentum, something we hope to maintain over the coming months as we extend our picture book and cookery lists, develop our strand of novelty titles, and bolster our successful digital strategy."
Styring added that as a result he was "confident" growth would continue into 2013, supported by investment in a new supply chain system.
The company will also to look at "major UK licensing opportunities," he said.