Quercus reported results for calendar year 2011, with the big dropoff in Stieg Larsson’s sales far bigger than the gains in other parts of their program. Total sales of £24,759 million were 22 percent lower than £31,784 million in 2010, and consolidated operating profit fell to £5,898 million, down from £7,635 million. Exemplifying how the announcement plays their results, the company contrasts the sales decline against the earnings by saying “however consolidated operating profit held up well”–yet it declined the same 22 percent. The biggest drops came in their core market of the UK, and non-core territories beyond the US […]
