21 May 2013
Bloomsbury Publishing Plc today announces results for the year ended 28 February 2013.
To view a full version of the results in
The highlights for the year ended 28 February 2013 include:
Commenting on the results, Nigel Newton, Chief Executive, said:
"This is an excellent performance.
Bloomsbury's core attributes of entrepreneurship, innovation, publicity flair and tight control of costs have led to the delivery of One Global Bloomsbury, and the future performance we have now set the stage for as we enjoy the synergies and sales advantages of having delivered a unified worldwide publishing group. In our strategy for growth we are targeting 50% of profit to be digital within five years, with Bloomsbury being the number one applied visual arts and independent humanities and social science publisher in Europe. Over that time we aim to be the number one publisher of choice in cookery, sport and natural history, with an Information division which has a global base delivering increasing revenues from digital knowledge hubs.
We start the year with a very strong programme led by today's publication of And the Mountains Echoed by bestselling author Khaled Hosseini"
* Continuing turnover and profit excludes Bloomsbury's former German subsidiary, Bloomsbury Verlag GmbH, which was sold on 28 February 2012, and which was treated as discontinued in the 2012 financial statements.
** Highlighted items comprises amortisation of intangible assets, professional fees on acquisitions, relocation of headquarters, restructuring costs, business set up costs and a gain on bargain purchase price.
For further information, please contact:
|Daniel de Belder/Rosanne Perry, Pelham Bell Pottinger||+44 (0) 20 7861 3232|
|Nigel Newton, Chief Executive, Bloomsbury Publishing Plc||+44 (0) 20 7631 5630|
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