(in millions)
Harlequin
| Year | Sales | Profits | Margins |
|---|---|---|---|
| 2010 | C$112.8 | C$22.9 | 20.3% |
| 2011 | C$115.4 | C$22.0 | 19.0% |
% Chg. in Sales: + 2/3%
% Chg. in Profit: - 3.9%
The strong Canadian dollar lowered reported sales gains and turned what would have been an increase in operating income to a slight decline. Digital sales increased by C$7.1 million in North America, offsetting sales decline of print in retail and online channels. E-books accounted for 13.6% of worldwide sales, about C$15.6 million. Harlequin expects the remainder of the year to be stable.
Simon & Schuster
| Year | Sales | Profits | Margins |
|---|---|---|---|
| 2010 | $152.0 | $2.0 | 1.3% |
| 2011 | $155.0 | $5.0 | 3.2% |
% Chg. in Sales +2.0%
% Chg. in Profit 150%
Digital sales doubled in the quarter, to about $28 million, helping to offset across the board declines in print sales. E-books represented 17% of worldwide revenue, and digital audio 1%. The leap in profits was attributed to lower shipping, production, and returns costs as well as higher sales. International sales rose 10%. S&S expects e-book sales to represent at least 17% of revenue for the full year.
Lagardère Publishing
| Year | Sales |
|---|---|
| 2010 | £433.0 |
| 2011 | £390.0 |
% Chg. in Sales-9.9%
Total revenue at Lagardère Publishing fell about 10% as its U.S. subsidiary, Hachette Book Group, continued to face difficult comparisons to the 2010 first quarter, when Stephenie Meyer’s titles were still selling blockbuster numbers. E-book sales at HBG rose 88% in the quarter, accounting for 22% of revenue. Comparisons with Meyer will ease in future quarters, and e-book sales are expected to remain strong at HBG and to continue to account for about 20% of revenue.
