BLOOMSBURY PUBLISHING PLC (BMY) — Preliminary Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the Bloomsbury Publishing PLC Investor Presentation. Throughout this quarter presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time via the Q and A tab situated in the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question received in the meeting itself. However, the company can review all the questions submitted today and publish responses where it is appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to Nigel Newton, CEO. Good morning to you, sir. Good morning to you, and good morning to all of you, and thank you very much indeed for being with us this afternoon. I'm delighted also to welcome my co presenters of Penny Scott Bayfield, group finance director of Bloomsbury Publishing, and Tamsen Garrity, a new role of head of investor relations. So I'm sure the fact that you're sitting here is living proof of her making it all happen. Oops. And there we go. So we're going to start now with the first slide, if I may have it, please. So you all saw the fantastic results that we announced two weeks ago now, and our key message here has been the success of our strategy, no doubt very like your own, of having a portfolio of portfolios so that we're hedging the volatile consumer markets against the steadier academic market on the one hand and the booming conditions in America against the more constrained economic conditions in some other countries and by subject area. So the portfolio portfolios has done us proud as the consumer division has taken up the charge led in recent years by the academic or nonconsumer division. 30% sales growth and 57% p...