Harlequin
| Year | Sales | Profits | Margins |
|---|---|---|---|
| 2010 | C$117.9 | C$20.6 | 17.5% |
| 2011 | C$110.3 | C$16.3 | 14.8% |
% Change in Sales: -6.4%
% Change in Profit: -20.9%
Retail print book sales fell C$10.8 million in the quarter, offsetting a C$7.3 million increase in e-book sales. In addition to lower sales, profits were hurt by higher returns, due in part to the bankruptcy of Borders. E-book sales accounted for 15% of revenue in the quarter, up from 7% in last year's second period. Harlequin expects profit to improve in the second half as return rates fall.
Penguin Group*
| Year | Sales | Profits | Margins |
|---|---|---|---|
| 2010 | £493.0 | £44.0 | 8.9% |
| 2011 | £457.0 | £42.0 | 9.2% |
*Six Months
% Change in Sales: -7.3%
& Change in Profit: -4.5%
Excluding currency fluctuations and one-time reporting adjustments, sales were flat with the first six months of 2010 and profits up 13%. E-book sales rose 128% and accounted for 14% of worldwide sales. Print book sales in the U.S. and Australia were disrupted by the bankruptcies of Borders and REDgroup, respectively.
McGraw-Hill Education
| Year | Sales | Profits | Margins |
|---|---|---|---|
| 2010 | $565.1 | $51.6 | 9.1% |
| 2011 | $536.6 | $42.2 | 7.9% |
% Change in Sales: -5.1%
% Change in Profits: -18.3%
The second quarter decline at MHE came entirely at its school group, where revenue fell 10.1%, to $292.2 million, due in part to delayed ordering from states and school districts. Sales in the higher education/professional/international division rose 1.8%, to $244.4 million, led by strong gains in digital sales in the higher ed and professional businesses.
Source: Publishers Weekly
