AGM Current Trading Statement

RNS Number : 9429M

Quarto Group Inc

12 May 2015

 

THE QUARTO GROUP, INC.

("Quarto" or "the company")

AGM Current Trading Statement

The following statement will be read out at the Quarto AGM, starting at 2pm today.

Trading update

Revenue for the quarter to 31 March 2015 was $28.4m (quarter to 31 March 2014: $29.4m).  Historically, Q1 is the Company's quietest trading quarter.  As outlined in the Final Results Outlook in March, revenue will be more H2 weighted than prior years in 2015.

Financial position

The Group's net debt on 31 March 2015 was $77.6m (31 March 2014: $81.1m).

Outlook

On the basis of current levels of trading, the Group is on track to meet management expectations for the year end and deliver both debt reduction and organic growth.

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For further information, please contact:

The Quarto Group	020 7700 9004
Marcus Leaver, CEO
Mick Mousley, CFO
Bell Pottinger	020 3772 2573
Elly Williamson
Lucy Stewart

About The Quarto Group

The Quarto Group (LSE: QRT) is the leading global illustrated book publisher and distribution group and is listed on the London Stock Exchange.  Quarto employs about 400 talented and creative people in four distinct but complementary businesses - Quarto International Co-Editions Group; Quarto Publishing Group USA; Quarto Publishing Group UK and Books & Gifts Direct, Australia & New Zealand.

The Group is well positioned in resilient segments of book publishing with rich reserves of Intellectual Property.  Quarto is uniquely positioned for growth as the industry adapts to new means of marketing, sales and routes to market.  The Group's headquarters are in London where the Company was founded in 1976.

 

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