Bloomsbury Publishing PLC (LSE:BMY) said it is set for another strong year, with results surpassing expectations following a solid second half.
Best known for bestselling authors like J.K. Rowling and Sarah J. Maas, the company enjoyed broad success across its fiction and non-fiction books, while its academic arm, Bloomsbury Digital Resources, continued to expand despite financial pressures in the sector.
A key driver of growth was last May’s acquisition of US publisher Rowman & Littlefield. The integration is progressing smoothly, and Bloomsbury has already repaid $7.5 million of the $37 million debt tied to the deal ahead of schedule.
The consensus before the announcement suggested that revenue for the year ending February 28 would be £333.4 million, and profit before taxation, highlighted items £39.6 million.
Looking ahead, the business remains optimistic, crediting its long-term strategy for sustained momentum. More details will be shared in May.
In boardroom news, Dame Heather Rabbatts joins as a non-executive director. A solicitor, business leader, and broadcaster, she has held roles at Associated British Foods and M&C Saatchi, bringing a wealth of experience to the team.