Haynes Publishing Group saw an 11% revenue drop for the 12 months to end May 2015 at £26.1m, down from £29.3m the year before. Adjusted EBITDA at the car manuals publisher was down 20% to £8.7m (£10.9m in the year to end May 2014) while operating profit fell 35.5% to to £3.1m (from £4.8m). Haynes issued a profit warning last December, citing "soft" trade and tighter inventory controls from retailers. Continue reading at 'The Bookseller'
[ The Bookseller | 2015-09-25 00:00:00 UTC ]