The Bonnier Group released full year 2020 earnings last week, with Bonnier Books reporting sales of SEK6.11 billion ($664 million), up from SEK5.77 billion ($611 million) in 2019, driven mainly by the publishing business and the audio and e-book service BookBeat. As we’ve seen in the US, increased ebook sales combined with cost-cutting improved profitability. Operating profit (EBITA) was SEK392 million, up from SEK250 million — or 12 percent, which the company said was due to increased market shares, accelerated sales of digital formats, and consistent cost reductions. Bonnier Books in Germany had their best sales and earnings yet. In […]
