Earnings Reports

Lagardere reported complete results for the first six months of their fiscal year today (having already reported preliminary sales in July). The publishing division’s EBIT was 112 million euros, up by 61% from last year, on sales of 1.009 billion euros. The company congratulates itself on their “excellent performance” and exudes that it was “all the more remarkable given that the publishing sector is actually contracting slightly in all the markets where we operate.” (Indeed the parent company took a total of 332 million euros in impairment, amortization and restructuring charges during the period.) In the first quarter, out of […]

Blaming “difficult markets” – not to mention the absence of any Harry Potter title – Bloomsbury’s sales and profits declined considerably in the first half of 2009. Sales dropped 25% in the UK to £22.2m, and profit fell almost 50% to £1.7m, though Bloomsbury’s specialist publishing business saw sales growth of 34%, overtaking its children’s business in size for the first time. Revenue for the first six months was £35.3m compared to £42.1m in 2008. Profit before investment income and amortisation of intangible assets was £1.2m, compared with £3.5m a year earlier. Bloomsbury’s adult trade business saw sales fall 20% […]

Reporting on the first half of the year ending June 30, Quarto revenue decreased by 5% to £41.8m, adjusted EBITDA increased by 14% to £8.4m, adjusted operating profit was down by 6% to £2.1m, and adjusted* pre-tax profit dropped to £0.3m. Publishing segment operating profit rose by 5% to £2.4m on £29.9m revenue (a 2% drop) while Co-Edition segment operating profit declined to £0.5m on £11.8m revenue, a 12% decrease. For the year, revenue was up 3% at £110.7m, adjusted EBITDA increased by 7% to £23.0m, adjusted operating profit was 1% higher at £11.2m, adjusted pre-tax profit was 1% lower […]