Trading Statement

Quarto Group Inc
25 April 2000

                    THE QUARTO GROUP, Inc.

                  1ST QUARTER TRADING UPDATE
                               
   'Continued strong improvement on rolling 12-month basis'

Quarto, the London-based and listed international publisher of
illustrated  books in co-edition and under its  own  imprints,
announces  unaudited results for the first  quarter  ended  31
March  2000.  These are in line with Board expectations,  with
both   turnover  and  gross  profits  ahead  of  last   year's
corresponding  figures,  by 3.3 per  cent  and  4.3  per  cent
respectively. Much of Quarto's business is seasonal,  and  the
first  quarter is traditionally a quiet time for the  Company.
About  one-sixth of Quarto's sales for the year are  generated
in  this period, and the Company takes the view that the first
quarter  is  not a meaningful indicator for the  rest  of  the
year.

To iron-out seasonality, Quarto uses figures produced over the
last  12-month  period. On this rolling 12  month  basis,  the
period  1 April 1999 to 31 March 2000 showed continued  strong
improvement in business, with sales 5 per cent ahead, compared
with  the  12-months  ended  31 March 1999.  Better  financial
discipline  during  this period resulted in  operating  profit
margins increasing by 1.6 percentage points to 7.6 per cent.

Turnover  in the International Co-edition Publishing Division,
which   creates  and  licenses  content  for  publication   by
publishers around the world, was up 7.3 per cent, on a rolling
12-month basis. Reprint business for our backlist continues to
generate around 65 per cent of turnover in this division. This
highlights our ability to produce titles for the global market
place.  Turnover  of  continuing business  in  the  Publishing
Division, which publishes books and art prints internationally
under a variety of imprints owned by the Company, was up 2 per
cent, on a rolling 12-month basis.

Our  established businesses are on track, and  our  developing
businesses  continue  to perform above  expectation.  Our  new
Australian-based  business,  Global  Book  Publishing,  a  co-
edition  publisher of definitive illustrated reference  books,
is  performing strongly and continues to impress. We have  had
much  interest  in  iQu-digital.com, our new Internet  content
provider,  and  are  expecting  to  announce  news  from  this
business shortly.


Laurence F Orbach
Chairman & Chief Executive

Enquiries:

The Quarto Group, Inc.
  Laurence F Orbach (Chairman & Chief Executive)020 7700 9003
  Terry Hancock (Chief Operating Officer)       020 7700 9015

Bankside Consultants Limited
  Charles Ponsonby                              020 7220 7477