(NewsDirect)
Bloomsbury Publishing PLC (LSE:BMY)founder and chief executive Nigel Newton CBE speaks to Thomas Warnerfrom Proactive following the leading independent publishinghouse's AGM and the release of a trading update for the fourmonths to 30 June 2023.
Newton givesan overview of how Bloomsbury has been performing, highlighting a 9%growth in revenues during the reporting period which he attributes tocontinued strong demand for books as an affordable householdexpenditure. He lists some of the books that contributed to growth inrevenues, which included titles from Peter Frankopan, Louise Kennedyand Sarah J. Maas, before going on to summarise the outcome of the2023 AGM.
He says thatBloomsbury's strong cash position will be used to help drivefuture growth, with acquisitions possible. In terms of organic growthhe anticipates good sales of titles scheduled for publication betweennow and the end of the calendar year, which will include works by AnnPatchett, Katherine Rundell, and a new illustrated Harry Potter titlecalled "The Wizarding Almanack."
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