Last checked at 19 Mar 2019 07:00
19th March 2019
Bloomsbury Publishing Plc
("Bloomsbury" or the "Group")
Trading Update
Bloomsbury Publishing Plc (LSE: BMY), the leading independent publisher, today gives a pre-close trading update for the 12 months to 28 February 2019.
Bloomsbury expects results for the year ended 28 February 2019 to be in line with the Board's expectations.
The Non-Consumer Academic and Professional division continues its strong performance, with organic revenue and margin growth, along with the acquisition of I.B. Tauris. In the Special Interest division, February included the international bestseller In the Closet of the Vatican, by Frédéric Martel.
The Consumer division is performing well, delivering bestsellers in the second half, including Sarah J. Maas' Kingdom of Ash, Tom Kerridge's Fresh Start and Mary Pipher's Women Rowing North.
In addition, the Group saw strong cash generation with net cash of around £27 million at 28 February 2019.
The Group will report its final results for the year ended 28 February 2019 on 21 May 2019.
For further information, please contact:
Bloomsbury Publishing Plc | +44 (0) 20 7631 5630 |
| |
Nigel Newton, Chief ExecutivePenny Scott-Bayfield, Group Finance Director |
|
| |
FTI Consulting | +44 (0) 203 727 1000 | ||
Charles Palmer / Dwight Burden / Leah Dudley | SCBloomsbury@fticonsulting.com | ||
Notes to Editors
About Bloomsbury Publishing Plc
Bloomsbury is a leading independent publisher of fiction, non-fiction, children's, specialist, academic and professional titles. The company's mission is to publish works of excellence and originality. We are one of the few publishers with a portfolio that includes both general and academic publishing. Bloomsbury's ambitious growth story has seen the company become a significant global publisher with offices in the UK, US, Australia and India.