Simon & Schuster UK has seen “significant” year-on-year growth in 2015 as the global publishing company is “positioned to surpass” last year’s financial performance.
In an end-of-year message to employees, Carolyn Reidy, president and c.e.o of S&S, said the company’s better financial performance this year in “today’s challenging retail environment” was “a tribute to the passion and effort put forth by all of you across the company and throughout the year.”
In the UK, Reidy said S&S “enjoyed significant year-on-year growth” powered by bestsellers such as Philippa Gregory’s The Taming of the Queen and Louise Pentland’s Life with a Sparkle of Glitter, along with titles from Santa Montefiore and Lynda La Plante.
“The UK’s local publishing program is better than ever, as is their work publishing American- originated titles, and they are well positioned to build on this year’s accomplishments in 2016,” she said.
The company’s audio arm achieved “remarkable year-on-year growth”, Reidy said, with content such as the Stephen King original Drunken Fireworks and Jimmy Carter’s Grammy-nominated A Full Life.
“We are positioned to capitalize on the fast- growing digital audio format which is transforming the audio business,” Reidy said.
She also added that the company’s direct to consumer marketing was “seeing terrific results”, with visits to its website up by more than 50%, which Reidy said was “a clear indication that the hard work so many of you have contributed to our metadata initiative is having a genuine and positive effect.”
All the S&S international arms “turned in outstanding performances this year,” according to the S&S chief, with its Canadian arm growing faster than the Canadian industry. Australia has also outperformed the industry, Reidy said, gaining market share, strengthening its local publishing program, adding new distribution clients and making bestsellers from both US and UK titles. India, meanwhile, will launch its own local publishing program in 2016, and had a major bestseller with Kunal Nayyar’s Yes, My Accent is Real, along with success with the Dork Diaries and the TED Talks.
“Our deep-seated culture and focus on improving efficiencies helped us to maintain our profitability despite an often difficult market,” Reidy said. “That you continue to find new ways to refine our production and operations year after year is a tribute to your resourcefulness and your recognition of just how important this is to achieving our overall publishing and financial goals.”
Markus Dohle, the c.e.o of Penguin Random House, has also sent an end-of-year video to employees highlighting the bestselling and award-winning titles the company published this year which you can watch below.