Revenues rose by 8% to $73.3m and the loss before tax amounted to $1.1m. Net debt fell by 10% to $75.2m. Quarto has acquired becker&mayer, a US publisher of adult non-fiction and children’s books for $9.8m, increasing its children’s publishing revenues by c.30%. US revenues will be around 45% of the group total. We aim to review forecasts following the analyst meeting. In our view consensus estimates are likely to be revised upwards following these results and acquisition. We
09 Aug 2016
becker&meyer acquisition. Interims in line
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becker&meyer acquisition. Interims in line
- Published:
09 Aug 2016 -
Author:
Peter Ashworth -
Pages:
2
Revenues rose by 8% to $73.3m and the loss before tax amounted to $1.1m. Net debt fell by 10% to $75.2m. Quarto has acquired becker&mayer, a US publisher of adult non-fiction and children’s books for $9.8m, increasing its children’s publishing revenues by c.30%. US revenues will be around 45% of the group total. We aim to review forecasts following the analyst meeting. In our view consensus estimates are likely to be revised upwards following these results and acquisition. We