REG - BloomsburyPublishing - AGM Trading Update

Bloomsbury PublishingAnnouncement

18/07/2023 07:00

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RNS Number : 2815G  Bloomsbury Publishing PLC  18 July 2023

18 July 2023

BLOOMSBURY PUBLISHING PLC

("Bloomsbury" or "the Company")

 

AGM Trading Update

Sales growth of 9% in the first four months

Bloomsbury announces its trading update for the four months ended 30 June
2023, before the Company's Annual General Meeting ("AGM") at 12.00pm today.

Bloomsbury's trading has been in line with expectations* following a good
performance in the first four months of its financial year, with year-on-year
sales growth of 9% maintaining the momentum from the prior year.

 

Consumer bestsellers in the period included The Earth Transformed by Peter
Frankopan, Trespasses by Louise Kennedy, A Day of Fallen Night and The Priory
of the Orange Tree by Samantha Shannon, the Harry Potter series by J.K.
Rowling, and Sarah J. Maas' titles across all three of her bestselling series:
Crescent City, Throne of Glass and A Court of Thorns and Roses.

 

The Non-Consumer division's performance reflected continued growth in
Bloomsbury Digital Resources (BDR), reflecting the ongoing shift to greater
digital learning.

 

The Board remains confident in Bloomsbury's ability to continue to deliver
long-term success, with significant financial resources available to invest in
organic growth and further company acquisitions. Global diversification across
channels and markets continues to serve us well and further underpins our
positive outlook.

The results for the six months ending 31 August 2023 will be announced on 26
October 2023.

 

* The Board considers current consensus market expectation for the year ending
29 February 2024 to be revenue of £273.1 million and profit before taxation
and highlighted items of £32.5 million.

 

For further information, please contact:

 Bloomsbury Publishing Plc
 Nigel Newton, Chief Executive                    nigel.newton@bloomsbury.com (mailto:nigel.newton@bloomsbury.com)

 Penny Scott-Bayfield, Group Finance Director     penny.scott-bayfield@bloomsbury.com

 Hudson Sandler                                   +44 (0) 20 7796 4133
 Dan de Belder / Amelia Craddock / Emily Brooker  bloomsbury@hudsonsandler.com (mailto:bloomsbury@hudsonsandler.com)

 

 

The information in this announcement has not been audited or otherwise
independently verified and no representation or warranty, express or implied,
is made as to, and no reliance should be placed on, the fairness, accuracy,
completeness or correctness of the information or opinions contained herein.
None of the Company or any of its affiliates, advisors or representatives
shall have any liability whatsoever (in negligence or otherwise) for any loss
whatsoever arising from any use of this announcement, or its contents, or
otherwise arising in connection with this announcement.

 

This announcement does not constitute or form part of any offer or invitation
to sell, or any solicitation of any offer to purchase any shares in the
Company, nor shall it or any part of it or the fact of its distribution form
the basis of, or be relied on in connection with, any contract or commitment
or investment decisions relating thereto, nor does it constitute a
recommendation regarding the shares of the Company.

 

Certain statements, statistics and projections in this announcement are or may
be forward looking. By their nature, forward‑looking statements involve a
number of risks, uncertainties or assumptions that may or may not occur and
actual results or events may differ materially from those expressed or implied
by the forward-looking statements. Accordingly, no assurance can be given that
any particular expectation will be met and reliance should not be placed on
any forward-looking statement. Accordingly, forward-looking statements
contained in this announcement regarding past trends or activities should not
be taken as representation that such trends or activities will continue in the
future. You should not place undue reliance on forward-looking statements,
which are based on the knowledge and information available only at the date of
this announcement's preparation.

 

The Company does not undertake any obligation to update or keep current the
information contained in this announcement, including any forward‑looking
statements, or to correct any inaccuracies which may become apparent and any
opinions expressed in it are subject to change without notice.

 

References in this announcement to other reports or materials, such as a
website address, have been provided to direct the reader to other sources of
information on Bloomsbury Publishing Plc which may be of interest. Neither the
content of Bloomsbury's website nor any website accessible by hyperlinks from
Bloomsbury's website nor any additional materials contained or accessible
thereon, are incorporated in, or form part of, this announcement.

 

 

 

 

 

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