Press Releases

16 August 2011

Interim Results

 

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Six Months to June 30 2011 2011
$'000
2010
$'000
% Change
Revenue 72.5 68.9 + 5
EBITDA* 13.6 13.3 + 2
Operating Profit* 3.73 3.59 + 4
Operating Profit 2.66 2.50 +7
Profit Before Tax* 1.4 1.2 +21
Profit Before Tax 0.37 0.1 +274
Diluted Earnings Per Share* 4.4 3.4 +29
Diluted Earnings Per Share 0.6c (0.9)c n/a
Dividend Per Share 3.35p 3.35p -

* excludes amortization of non-current intangibles and exceptional items

Operational Highlights

  • Acquisition Activity
    • Acquisition of Frances Lincoln Ltd
      • A British book publisher well-known for its award-winning children's list and its horticultural titles
      • Significantly increases presence in the UK market
    • Purchase of Cool Springs Press
      • A leading publisher of gardening and garden related titles
      • Now part of Quarto's Quayside Publishing Group in the US
  • Continued strong divisional performance
    • Publishing division
      • Revenue up 3% to $51.6m (2010: $50.2m)
    • Co-edition division
      • Revenue up 12% to $21.0m (2010: $18.7m)

Financial Highlights

  • Improved trading; robust revenue and profit growth
  • Reduction in interest cost
  • Interim dividend of 3.35p declared

About Quarto:

Quarto is one of the largest international co-edition book publishers with two principal strands of activity: its Publishing segment publishes books, under imprints owned by the Group; and its Co-Edition Publishing segment creates books that are licensed to third party publishers for publication under their own imprints in many languages around the world.

Quarto is an international co-edition book publisher with two principal strands of activity: the Publishing segment publishes books, in the US and the UK, under imprints owned by the Group; the Co-Edition Publishing segment creates titles that are licensed to third party publishers around the world for publication under their own imprints in many languages and many geographies.

Enquiries:

The Quarto Group Inc 0207 700 9004
Laurence Orbach, Chairman and CEO, Mick Mousley, CFO  
   
Buchanan Communications 0207 466 5000
Mark Edwards, Suzanne Brocks, Christian Goodbody  

 

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