The academic publisher Continuum, which has offices in New York and London, reported its first positive EBITDA (earnings before interest, taxes, depreciation, and amortization) in four years in for fiscal 2010 ended June 30. The publisher had EBITDA of 256,000 pounds compared to negative EBITDA of 740,000 pounds in fiscal 2009. Sales rose 6.5%, from 9.7 million pounds to 10.3 million pounds. Chief executive Oliver Gadsby called fiscal 2010 “a transformational year” and expects continued improvement helped by e-publishing and e-marketing strategies.
The company, formed in 1999 through the merger of Continuum and Cassell, publishes 600 titles annually in the humanities, education and religion. Sales of its academic list rose by 14% last year. At the start of the current fiscal year Continuum moved its American distribution to NBN.
