S&S claims double-digit profit growth

<p>Simon &amp; Schuster UK saw &quot;double digit profit growth&quot; in 2009, according to managing director Ian Chapman.</p><p>According to figures from Nielsen BookScan, the publisher&#39;s sales grew 6.9% in 2009 to &pound;27.2m. Market share grew from 1.4% to 1.6%. Chapman refused to strip out profits but said that total sales growth through all channels had increased by 8.3% year on year.</p><p>He said: &quot;We had a record year in terms of top and bottom line and had healthy double digit growth on the bottom line.&quot;</p><p>Chapman said the sales growth was largely down to the performance of its adult books, with sales up 10%, boosted by the likes of biographies about Cheryl Cole and Patrick Swayze as well as Philippa Gregory&#39;s<em> The White Queen</em>. </p><p>The children&#39;s business was &quot;slightly down&quot; year on year but Chapman said this was largely because of the success of the Spiderwick Chronicles books that tied into the movie in early 2008. </p><p>Among the children&#39;s successes, he identified <em>Aliens Save the World, Barry The Fish With Fingers </em>and<em> Princess Evie.</em></p><p>Looking ahead, Chapman said the business was ahead year on year during January and February. He said: &quot;I have been here for 10 years and from a publishing perspective I&#39;m really excited about this year. However, I still feel we are in the midst of the recession. Footfall has been very patchy and the weather has been difficult but our own sell through has been reasonably strong. I think it will be a hard year for the trade but I&#39;m excited about our publishing.&quot;</p>