Bloomsbury: AGM Trading Update, Year-on-year revenue growth of 28%

Bloomsbury announces its trading update for the four months ended 30 June 2021, 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, with year-on-year sales growth of 28%, maintaining momentum from the prior year’s outstanding performance.

Consumer division revenues were 26% ahead of last year, with strong print and e-book sales. Adult revenues grew by 17% and Children’s revenues by 32%. Bestsellers included Tom Kerridge’s Outdoor Cooking, the Harry Potter series by J.K. Rowling, Sarah J. Maas’ A Court of Silver Flames and Lisa Taddeo’s Animal. UK Consumer print sales growth was ahead of the market.*

Non-Consumer division revenue was 31% higher than last year, with Academic and Professional growth of 35%, driven by continued strong demand for Bloomsbury Digital Resources, which was 41% ahead of last year. Special Interest revenue increased by 23%.

In June, our revenue benefitted from the two most recent strategic acquisitions: Head of Zeus delivered £859k, within Consumer Adult, and Red Globe Press delivered £478k, within Non-Consumer Academic and Professional.
more at source: https://www.bloomsbury-ir.co.uk/media/press_releases/2021/210721

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