1st Quarter Results

Quarto Group Inc
26 April 2002



THE QUARTO GROUP, INC


                                   Q1 RESULTS


Quarto, the London based and listed international book publisher, announces its
unaudited results for the first quarter, ended March 31st, of the 2002 financial
year. Turnover rose by 13% to £14.6 million (2001: £12.9 million), and the
operating profit increased to £261,000 (2001: £14,000). For the quarter, the
pre-tax loss, before goodwill writedown, reduced significantly to £39,000 from
£520,000 in 2001.

'The results are very much in line with our expectations, and support our
confidence about the prospects for the year, taken as a whole,' said Laurence F
Orbach, Chairman and Chief Executive. 'This is, as always, a quiet quarter,
representing an average of about two months' annual sales for the Group. Our
forward order book for the year is stronger than at the same time last year. We
sell our books internationally, and good sales in the United States confirm our
strategy of publishing into niche markets.'

In order to eliminate the effects of the seasonal distortions common to consumer
goods businesses, Quarto also tracks results on a trailing 12 months' basis. On
a similar basis to the quarterly results, and eliminating exceptional items,
turnover for the 12 months ended March 31st, 2002 was £75.3 million (2001: £73.7
million), operating profits were £6.4 million (2001: £6.0 million), and pre-tax
profits were £4.9 million (2001: £3.9 million). Quarto purchased the business
and publishing assets of Marshall Editions, which like Quarto, is an
international co-edition book publisher, on February 7th, 2002. Included in the
first quarter's turnover is £0.4 million  from Marshall titles.


Notes for Editors:

On February 15th, 2002, Quarto announced its 2001 results: on unchanged turnover
of £73.6 million, underlying pre-tax profit increased by 9.8% to £4.5 million
whilst underlying EPS was 16.8% higher at 18.8p.

Quarto's International Co-edition Publishing Division primarily creates books
for distribution and publication internationally by other publishers.  It also
includes Regent and ProVision, which are Far East-based print broking and
production supervision services businesses, serving both third parties and the
Group.

Quarto's Publishing Division primarily publishes books, under imprints owned by
the Group, and art images, mainly for their domestic markets and from US
locations.   In addition, it includes two UK-based screen printers primarily
serving the point of sale display market, Western and AP Screen.

Although a Delaware registered corporation, Quarto's Head Office is situated in
Islington, London N7 and its shares are fully listed on the London Stock
Exchange.


Enquiries:

The Quarto Group, Inc
  Laurence F Orbach (Chairman & Chief Executive)                 020-7700 9001
  Mick Mousley  (Finance Director)                               020-7700 9005

Bankside Consultants Limited
  Charles Ponsonby                                               020-7444 4166


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