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