Bloomsbury released a brief trading update ahead of the end of their fiscal year on February 28. The company said “revenue is expected to be comfortably ahead and profit materially ahead of market expectations.” (Analysts’ expectations were £197.1 million in revenue and £20.1 million in profit before taxes and highlighted items.) Both adult and children’s trade publishing were “strong.” They expect further growth from the £17.3 million acquisition of ABC-CLIO, which was completed in December.
