Bonnier Books UK outlines its plans for growth as it heads towards profitability

Bonnier Books UK outlines its plans for growth as it heads towards profitability

Bonnier Books UK hopes to return to profit this year after its operational losses fell by 76%, from £15m to £3.6m, in 2018—although it required a full recapitalisation from its Swedish parent firm.

Figures released today show that, in 2017, the UK company underwent a balance sheet restructure, aligning with the wider group’s accounting policies, that saw write-downs of £19.7m related to author acquisitions. Coupled with an operating loss of £15m, that led to an Earnings Before Interest, Tax, and Amortisation (EBITA) loss of £34.7m.

But the operating loss was slashed in 2018, partly owing ...

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 thebookseller.com (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