Bloomsbury Publishing expects to annual earnings to beat consensus

(Alliance News) - Bloomsbury Publishing PLC on Thursday said trading in its recently-ended ...

Alliance News 20 March, 2025 | 9:37AM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - Bloomsbury Publishing PLC on Thursday said trading in its recently-ended financial year topped consensus, helped by a strong second half.

Shares in the company rose 6.2% to 616.02 pence each, among the best FTSE 250 performers in London on Thursday morning.

The publisher hailed broad-based "success" in its consumer-focused division. In the non-consumer arm, the buy of Rowman & Littlefield academic publishing offering. The deal was a "game-changer for Bloomsbury", Chief Executive Nigel Newton said back in May. It bought the unit for up to USD83 million.

"This strong performance and the associated cash generation has enabled us to pay down USD7.5m of the USD37 million debt associated with the acquisition of Rowman & Littlefield ahead of schedule," Bloomsbury added on Thursday.

"The company's robust performance is powerfully driven by determined execution of the Bloomsbury 2030 vision, focused on our growth, portfolio and people. Our authors, customers, consistent performance, and the scale and resilience of our business continue to underpin the confidence we have in the future."

For the year ended February 28, Bloomsbury said trading was "ahead of consensus expectations".

It puts consensus at GBP333.4 million for revenue and GBP39.6 million for pretax profit before "highlighted items". In financial 2024, it reported revenue of GBP342.7 million and pretax profit before highlighted items of GBP48.7 million.

It announces results on May 22.

Bloomsbury said it has added Heather Rabbatts to its board as a non-executive director from April 14. She is the senior independent director at Primark owner Associated British Foods PLC.

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Associated British Foods PLC 1,925.00 GBX 1.02
Bloomsbury Publishing PLC 600.00 GBX 3.45 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2025 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures