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March 3, 2010By Michael Cader

Profits Rise at Harlequin As Currency Holds Down Sales

March 3, 2010By Michael Cader

Harlequin’s parent company Torstar reported that the publishing unit had fourth quarter sales of $122 million (CA), down three percent from last year, but EBITDA jumped to $21.7 million, almost 40 percent higher than the $15.6 million a year ago. (And yes, that gives them EBITDA margin of of 17.8 percent.) They say “underlying” sales rose $2.6 million, while the strengthening Canadian dollar cost them $6.6 million.

For the full year, sales of $493 million were up 4.3 percent over the previous year. EBITDA for the year was $88.2 million, up 22 percent.
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Filed Under: Booksellers, Earnings Reports, Free

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