Statement re Limited Exposure

RNS Number : 4317D

Quarto Group Inc

02 December 2009

 



Wednesday 2 December 2009

THE QUARTO GROUP INC

Very Limited Exposure to Borders (UK) Limited 

Quarto (QRT.L), the international book publisher based in London, would like to reassure the market that it has very limited exposure to Borders (UK) Limited, which recently went into administration. Borders (UK) Limited contributed approximately 0.3% of Quarto group revenues in the calendar year to date and balances owing from it are immaterial. 

Notes for Editors:

Quarto is an international book publisher and producer with two principal strands of activity: its Publishing segment publishes books, under imprints owned by the Group, in the US, Australia and the UK; and its Co-Edition Publishing segment creates books that are licensed to other publishers for publication under their own imprints in many languages around the world.

For the year ended December 31, 2008, Quarto increased revenues by 13% to £112.7 m and adjusted EBITDA by 10% to £22.0 m. Adjusted pre-tax profit was marginally increased at £7.7 m - an eighth successive annual increase - and adjusted diluted earnings per share increased by 9% to 26.5p. Unchanged total dividends per share of 7.15p were paid.

Enquiries:

The Quarto Group, Inc.                            020-7700 9004

Laurence Orbach (Chairman and CEO)                           

Mick Mousley (CFO)                              

Bankside Consultants Limited                    020-7367 8851  

Charles Ponsonby    

 

END

 

 

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