Cambridge University Press in 11th year of growth

Cambridge University Press in 11th year of growth

Cambridge University Press has reported its 11th successive year of growth, with sales of £261.7m in the year ended 30th April 2013.

The figure is a 7% rise from 2012's sales, which stood at £245m. The publisher announced a pre-tax operating surplus of £8.2m.

Chief executive Peter Philips said: "The past year has seen many changes to keep the Press competitive in a fast-changing world. It has also shown that we remain unwavering in our commitment to quality while innovating and adapting to offer our customers learning, research and knowledge in the changing forms they want.

CUP said that 90% of the publisher's sales came from outside of the UK, with sales growing in territories such as Latin America and the Middle East. The report also mentioned large growth in South Africa due to a new schools curriculum, as well as growth in Mexico, China, Turkey and Saudi Arabia.

It also said it was making digital development a "top priority", launching new apps and online courses.

During the year, CUP closed its UK printing operation, although it was subsequently forced to defend itself from claims of bad management when MPG Printgroup, to which it had transferred its printing, went into administration.

It also outsourced its US distribution.