SAGE London revenues steady in 2014

SAGE London revenues steady in 2014

SAGE London recorded revenues of just under £105m for the 52 weeks to end 27th December 2014, a marginal drop from the previous year (£105.1m), with the 2014 figure likely to reflect the impact of foreign exchange.

According to financial results filed at Companies House this week, export sales for the London business fell from £73.1m to £72.4m; however UK sales rose to £23.4m (£22.7m in 2013).

Profit for the financial year, in which the company made investments in new product innovation, fell 20% from £9.6m in 2013 to £7.7m. Employee numbers rose during the year, up from 690 to 769, with numbers rising across the board in administration, editorial and production, and sales and marketing. The highest paid director received £805,000 plus £64,000 in pension contributions.

SAGE London's revenues reflect SAGE's publishing programmes outside of the US, where results are not publicly reported. Last year founder Sara Miller McCune put the company's total revenues “in the $300m–$400m range”.