Bloomsbury Publishing Trading Update

Bloomsbury Publishing Plc (LSE: BMY), the leading independent publisher, today announces a further year-end trading update for the 12 months ending 28 February 2022.

Revenue is expected to be comfortably ahead and profit materially ahead of upgraded market expectations for the year ended 28 February 2022, surpassing the guidance provided in our statement on 26 January 2022*.

Nigel Newton, Chief Executive, said: “Bloomsbury excellent performance demonstrates the strength and resilience of our business and the successful execution of our digital and acquisition strategy. In February, the final month of our financial year, Bloomsbury delivered exceptional sales, in part driven by Sarah J. Maas’ new title, Crescent City: House of Sky and Breath, which was a global number one bestseller.

Alongside this strong performance, we successfully mitigated ongoing print supply chain challenges, including printing titles earlier than usual and being flexible about where we print. We remain confident in the strength and resilience of our business and our long-term strategy.”
further detail at: https://www.bloomsbury-ir.co.uk/media/press_releases/2022/300322

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