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Sara Grace

Wiley Reports a Strong Fourth Quarter, with a Favorable Outlook

June 10, 2021
By Sara Grace

Wiley reported fourth quarter and fiscal year results for the period ended April 30, with sales of $536 million, up from $474.6 million, a 13 percent increase, including $14.8 million in foreign exchange variance and acquisitions. Operating income was $51.2 million, improved from a loss of ($170.7) million a year ago, and adjusted EBITDA was […]

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Indigo Finishes a Tough Year with Signs of Improvement

June 2, 2021
By Sara Grace

On Tuesday, Indigo announced results for the fourth quarter ended April 3, 2021, with sales of CA$199 million, up from $178.1 million last year. The net loss for the quarter was $(39.5) million, compared to a big loss of $(171.3) million last year, when they took significant impairment charges. For the full 53-week year, sales […]

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Storytel Streaming Sales Increase 20 Percent in Q1

May 7, 2021
By Sara Grace

Swedish ebook streaming service and publisher Storytel reported results for the first quarter ended March 31, with streaming sales of SEK517.1 million ($62.1 million), up 20.5 percent from SEK429.3 million a year ago. Print publishing sales were SEK125.2 million, up from SEK114.7 million, gaining 9.1 percent. Pre-tax loss for the quarter was SEK(73.5) million, compared […]

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HMH Books & Media Sales Rise

May 6, 2021
By Sara Grace

Houghton Mifflin Harcourt continues to excel in issuing earnings press releases featuring prose that’s far more encouraging than the data. In their minds they are becoming a “pure-play learning technology company” with “a strong start to the new year” and “impressive growth in important key performance indicators, positioning HMH amongst the largest and fastest growing […]

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WH Smith High Street Sales Down 14 Percent, As Company Warns of a Potential Cash Crunch

April 29, 2021
By Sara Grace

WH Smith announced six month results for the period ended February 28, with High Street sales of £270 million, down 14 percent over the prior year, and profit of £33 million, compared to profit of £47 million last year. By the quarter, High Street sales were 88 percent of 2019 sales in Q1, 84 percent […]

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Lagardere Agrees to New Corporate Structure, Will Keep Group Intact For now

April 28, 2021
By Sara Grace

As previewed earlier in the week, Arnaud Lagardere and the principal shareholders in Lagardere have reached an agreement that would end the special corporate structure under which Mr. Lagardere has controlled the company, despite owning only 7 percent of the public shares. Lagardere’s holding company is “relinquishing their rights” in exchange for 10 million new […]

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