Atlantic's revenue drops but press is 'confident' of 2017 profit

Atlantic's revenue drops but press is 'confident' of 2017 profit

Atlantic’s revenue dropped in 2016 following a 20% slump in e-book sales, but the indie publisher’s managing director has said the firm is on course to make a profit this year for the first time since 2009.

Atlantic’s revenue in 2016 was £5.5m, down by £0.5m year-on- year, while losses grew to £600,000, from £168,000 the year before.

However, with only December left to go before the end of the year, Atlantic’s managing director Will Atkinson said he expected the publisher to make a profit for the first time in eight years in 2017.

He said: “We are on the classic three-year turnaround. It...

This is subscriber-only content

Not a subscriber? Get unrestricted access to all the news, charts, previews, data & analysis by subscribing from as little as £3 per week.

Why Subscribe?

Every issue of The Bookseller magazine

Unlimited access to (single user)

The Bookseller e-edition app for tablet and mobile

Subscriber-only newsletters

Twice yearly Buyer's Guides worth £50

Discounts on The Bookseller Awards and Conferences

Click here to subscribe now