Earnings, Margins Rise at Random

Although worldwide sales at Random House fell 4.3% in 2011, the company posted its highest earnings and operating margins in at least five years. EBIT (earnings before interest and taxes) rose 6.9%, to 185 million euros, with an operating margin of 10.6%, a full percentage point higher than 2010. Between 2007 and 2011, sales on a reported basis fell 4.8%, while operating EBIT jumped 35.0%. Cost cutting, including consolidating office space in Random’s New York headquarters, and lower returns due to higher ebook sales contributed to the higher profits in 2011. The sales decline was due to a combination of the negative impact of foreign exchange and a decline in print sales. Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2012-03-30 00:00:00 UTC ]
News tagged with: #print sales #operating margins #cost cutting #negative impact #foreign exchange

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Pearson to sell its stake in Penguin Random House

Pearson intends to sell its 47% stake in Penguin Random House and will be issuing an "exit notice" to its joint venture partner Bertelsmann, which holds a majority 53% stake in the group. Bertelsmann has responded by saying it is "open" to increasing its share in the world’s biggest trade... Continue reading at The Bookseller

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Joe Wicks's Lean in 15 books earn fattest sales of any British diet plan

In 18 months, the Instagram star’s three titles have sold more books than any other UK weight-loss title since records beganInstagrammer turned publishing sensation Joe Wicks is now the author of the UK’s biggest-selling diet books since records began.The Body Coach’s three Lean in 15 books have... Continue reading at The Guardian

[ The Guardian | 2017-01-18 00:00:00 UTC ]
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Books world alarmed by Pearson's sale of stake in Penguin Random House

Management have moved to reassure staff and writers that selling the 47% holding will not affect business, but authors and agents express uneaseAuthors and staff have reacted cautiously to news that Pearson is to sell its stake in Penguin Random House (PRH), the world’s biggest publisher and... Continue reading at The Guardian

[ The Guardian | 2017-01-18 00:00:00 UTC ]
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Pearson to Sell Stake in Penguin Random House

Faced with worse-than-expected results in its North American higher education publishing business, Pearson said this morning that it is putting its 47% stake in Penguin Random House up for sale. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-01-18 00:00:00 UTC ]
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HC cookbook winner Ariyo named 'rising star of food'

HarperCollins will release Lopè Ariyo's debut cookbook after the chef won two accolades. Continue reading at The Bookseller

[ The Bookseller | 2017-01-05 00:00:00 UTC ]
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Waterstones, Blackwell's and indies report Christmas sales rise

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[ The Bookseller | 2017-01-05 00:00:00 UTC ]
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Penguin Random House hold 'positive' meeting to resolve union row

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More than 140 authors urge Penguin Random House to undo break with unions

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Redundancy fears as Penguin Random House derecognises staff unions

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[ The Guardian | 2016-12-16 00:00:00 UTC ]
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‘Enthusiasm in Bucket-Loads’: Rising Star Tory Lyne-Pirkis

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Book Publishers Scramble to Make Sense of Trump’s Rise to Victory

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Anna Kendrick book: Her career and the rise of 'Pitch Perfect'

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Harry Potter helps Hachette UK to 30% third quarter sales rise

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[ The Bookseller | 2016-11-11 00:00:00 UTC ]
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Indigo Sales Rise 5.4%

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