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 ]
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Bilbary partnership 'could raise thousands' for Kensal Rise

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Kensal Rise Library to get Bilbary profits share

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B&N Will Rise or Fall with Content

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Random House joins Public Library Online

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Kensal Rise Library campaigners half-way to fundraising target

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Kensal Rise campaigners seek £70k in donations

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Random House looks to develop IP

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Random to launch ebook distribution service

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Distribution: Random House Extends With Wizards of the Coast

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[ Publishers Weekly | 2012-07-16 00:00:00 UTC ]
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