HCUK "grows market share"

HCUK "grows market share"

<p>HarperCollins UK grew its market share in the first quarter of 2007, thanks to &quot;strong showing in the bestseller lists&quot;, with seven number one hits.</p><p>According to results released by parent company News Corp for its third quarter ending 31st March, HarperCollins Worlwide reported operating income of $29m, a 12% increase over the $26m from the third quarter 2006. Revenue was up to $291m, from $275m in the third quarter a year ago.</p><p>The group does not release figures for its UK arm, but chief executive Victoria Barnsley told <em>The Bookseller:</em> &quot;The first three months following Christmas are traditionally a tough time in the book trade, but HCUK managed to buck the trend and grow market share, with a 2.3% increase in overall sales value, compared to an average market growth of 1.7%. This was largely thanks to a strong showing in the bestseller lists, with 23 books in total, seven of which were number ones, and drove improved profit over F06.&quot;<br /><br />Barnsley said it was a particularly strong third quarter for non-fiction with the number one <em>Welcome To My World </em>by Coleen McLoughlin. &quot;This is an area we continue to dominate.&quot; In January the company achieved a UK book market first, as Conn Iggulden had two number ones &ndash; heading up both the non fiction hardback chart with his brother Hal with <em>The Dangerous Book For Boys </em>and the fiction hardback chart with <em>Wolf of the Plains</em>.<br /><br />In the US Jane Friedman, president and c.e.o., said: &quot;I am very happy with the numbers for this quarter&quot;. HarperCollins US had 48 books on the New York Times bestseller list, including seven books that landed at number one.</p>