Bloomsbury AGM Trading Update

Bloomsbury announces its trading update for the four months ended 30 June 2020, ahead of the Company’s Annual General Meeting (“AGM”) at 12.00pm today.

Bloomsbury experienced strong trading for the first four months of its financial year, ahead of the Board’s expectations, with year-on-year sales growth of 18% during a period of unprecedented disruption caused by the coronavirus pandemic.

Our revenue and earnings are weighted towards the second-half, with sales of trade titles rising for Christmas and sales of academic titles being strongest at the beginning of the academic year in the Autumn.

Print revenues were 9% above last year’s sales, and digital revenues grew by 63% year-on-year. Digital revenues include academic digital products as well as e-books and audio books. E-book revenues were 53% higher than last year and Bloomsbury Digital Resources saw year-on-year growth of 60%.

Consumer division revenues were 28% ahead of last year, with strong print and e-book sales. Adult revenues grew by 29% and Children’s revenues by 27%. Bestsellers included the Harry Potter series by J.K. Rowling, Sarah J. Maas’ Crescent City: House of Earth and Blood, Why I’m No Longer Talking to White People About Race by Reni Eddo-Lodge, which has been the number one paperback Sunday Times bestseller for five weeks, White Rage by Carol Anderson, which reached number eight on the New York Times bestseller list, and Humankind by Rutger Bregman, which reached number two on the Sunday Times bestseller list.

Non-Consumer division revenue was 3% above last year, with Academic and Professional growth of 4%, with strong Academic digital growth in Bloomsbury Digital Resources and e-books, offset by significantly lower print sales. Special Interest revenue was in line with last year.

UK revenues were 16% higher than last year and US revenues grew by 38%. Sales in Australia were 1% below last year, and in India, the severe impact of government lockdowns resulted in revenues 70% below last year.
more detail at: https://www.bloomsbury-ir.co.uk/media/press_releases/2020/210720

Related Posts

Amazon Prime members climb to 90 million, up nearly 40% from last year

Amazon now has 90 million Prime members as of Sept. 30, the end of the fiscal third quarter, which is an estimated 63% of all Amazon customers in the U.S., according to data released Wednesday by securities research firm Consumer Intelligence Research Partners (CIRP). The number of Prime customers is up 38.5% from 65 million this time last year and up 5.9% from an estimated 85 million at the end of the second quarter, June 30. Prime is Amazon’s membership program that costs shoppers $99 annually or $10.99 monthly and offers perks such as free expedited shipping and streaming video. CIRP’s estimates are based on a survey of 500 shoppers in the U.S. who made purchases from Amazon during the July-September period. Amazon does not release exact figures on the number of Prime customers. Click Read More below for additional information.

Service Performance Holds Steady for All Mail Categories As USPS Addresses Multiple Operational Challenges

The United States Postal Service reported new service delivery performance metrics for the first week of the fiscal second quarter showing service performance holding steady for First-Class Mail, Marketing Mail and Periodicals. Consistent with the rest of the shipping industry, the organization experienced some minor delays in both ground and air transportation during the week of January 1-7. The Postal Service continues to address impacts to last mile delivery due to availability challenges due to COVID-19 cases and inclement weather events including winter storms on the East Coast, Midwest and West Coast. Second quarter-to-date service performance scores covering the period Jan.1 through Jan. 7 included: *First-Class Mail: 90 percent of First-Class Mail delivered on time against the USPS service standard, an improvement of .37 percentage points from the first quarter. *Marketing Mail: 91.7 percent of Marketing Mail delivered on time against the USPS service standard, a slight decrease of .46 percentage points from the first quarter. Periodicals: 81.1 percent of Periodicals delivered on time against the USPS service standard, with an improvement of .37 percentage points from the first quarter.

Service Performance Remains Steady Across Postal Service Network

FY23 fourth quarter service performance scores covering July 1 through September 1, included: *First-Class Mail: 91.5 percent of First-Class Mail delivered on time against the USPS service standard, a decrease of 1.1 percentage points from the fiscal third quarter. *Marketing Mail: 95.4 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 86.3 percent of Periodicals delivered on time against the USPS service standard, a decrease of 2.6 percentage points from the fiscal third quarter.
Back To Top
×Close search
Search