29 March 2010
2009 saw a strong performance by the Group despite difficult trading conditions.
The highlights for 2009 include:
* adjusted figures are stated before the amortisation of intangibles and impairment of goodwill.
Nigel Newton, Chief Executive, said:
"This is a strong set of results, ahead of consensus market forecasts achieved under difficult trading conditions, and demonstrates the strength of our portfolio. We have further strengthened our academic division with the two new acquisitions. Trading has been excellent in the first quarter of 2010 with a range of new bestsellers (including the Number 1 bestseller Operation Mincemeat) and a major six-figure rights deal concluded in January.
The two Qatar management services partnerships will have an important year in 2010. Three major movies, Nanny McPhee; Eat, Pray, Love; and Harry Potter and the Deathly Hallows Part One, will drive further sales of these proven bestsellers in 2010. The success of Bloomsbury's Public Library Online initiative and other Bloomsbury innovations will see us at the forefront of the digital opportunity. The marketplace will remain rocky in 2010 and will continue to throw the unexpected at all businesses but I am confident that Bloomsbury is as well positioned as it could be to prosper in this environment with our high hit rate in trade publishing, our expansion in academic and professional publishing, our strong balance sheet and our entrepreneurial mission. "
For further information, please contact:
Nigel Newton, Chief Executive, Bloomsbury Publishing Plc
020 7494 6015
Daniel de Belder, Bell Pottinger
020 7861 3232
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