Bloomsbury has reported "strong" trading across all divisions for its first quarter, with year-on-year sales growth of 28% for a total of £63.1m. Children's trade was up by almost a third, and revenue was also boosted by the recent Head of Zeus acquisition.
The results were shared ahead of the company's annual general meeting today (21st July). In the consumer division, children's trade saw the greatest uplift, with sales at £24.8m, an increase of 32% from last year's £18.8m. Adult titles saw a 17% surge from £12.7m to £14.9m in the same period, from March 2021 and ending 30th June 2021.
Consumer division revenues as a whole were 26% ahead of last year at £39.7m, with strong print and e-book sales. Bestsellers included Tom Kerridge’s Outdoor Cooking, the Harry Potter series by J K Rowling, Sarah J Maas’ A Court of Silver Flames and Lisa Taddeo’s Animal.
Non-consumer division revenue for the period was 31% higher than last year, with academic and professional growth of 35% to £15.8m compared with last year's £11.8m, driven by continued demand for the Bloomsbury digital resources division, which was 41% ahead of last year. Special interest revenue also increased by 23%.
In June, revenue benefited from the acquisition of Head of Zeus, which delivered £859,000 within consumer adult, and Red Globe Press, resulting in £478,000 within the non-consumer academic and professional sectors.
In a statement the publisher said: "Bloomsbury is pleased with the performance of our business for the first four months of the year and the strong June sales of its two new acquisitions, Red Globe Press and Head of Zeus. We are actively targeting further acquisition opportunities in line with our long-term growth strategy. The board expects the group’s performance for the year ending 28th February 2022 to be in line with market expectations."
The results for the six months ending 31st August will be announced on 27th October.