2 Dec 2009 07:00
Wednesday 2 December 2009
THE QUARTO GROUP INC
Very Limited Exposure to Borders (UK) Limited
Quarto (QRT.L), the international book publisher based in London, would like to reassure the market that it has very limited exposure to Borders (UK) Limited, which recently went into administration. Borders (UK) Limited contributed approximately 0.3% of Quarto group revenues in the calendar year to date and balances owing from it are immaterial.
Notes for Editors:
Quarto is an international book publisher and producer with two principal strands of activity: its Publishing segment publishes books, under imprints owned by the Group, in the US, Australia and the UK; and its Co-Edition Publishing segment creates books that are licensed to other publishers for publication under their own imprints in many languages around the world.
For the year ended December 31, 2008, Quarto increased revenues by 13% to £112.7 m and adjusted EBITDA by 10% to £22.0 m. Adjusted pre-tax profit was marginally increased at £7.7 m - an eighth successive annual increase - and adjusted diluted earnings per share increased by 9% to 26.5p. Unchanged total dividends per share of 7.15p were paid.
Enquiries:
The Quarto Group, Inc. 020-7700 9004
Laurence Orbach (Chairman and CEO)
Mick Mousley (CFO)
Bankside Consultants Limited 020-7367 8851
Charles Ponsonby