Sales up at Smiths News

  • Print
  • Share
  • Comment
  • Save

Smiths News has reported a 2% increase in group sales for the 19 weeks to 12 January, despite a continuing slide in newspaper and magazine sales.

Sales were boosted by the newspaper and magazine wholesaler’s acquisition of The Consortium in April 2012, as well as a strong performance from its Bertrams books business – up 4.5%.

However, sales fell 1.9% in its core Smiths News arm, with like-for-likes down 4.7%.  

“Both newspaper and magazine performance is broadly in line with recent run rates and with expectations,” Smiths News said it a statement.

It added: “The group remains on track to deliver strong growth in underlying profit before tax for the year to 31 August 2013, in line with market consensus.”

Have your say

Please add your comment. Remember that submission of comments is governed by our Terms and Conditions. You can include links, but HTML is not permitted.

Mandatory
Mandatory
Mandatory
Mandatory

Related images

  • smiths news van
  • Print
  • Share
  • Comment
  • Save

Grocer jobs Experts in FMCG

Search jobs
Sign in

Newsletter sign-up

I wish to receive the following newsletters:

Subscriber only alerts:

DIRECTORY

The+Grocer+Directory

CLICK HERE to search for the products, services and companies you need in the definitive guide to the UK food and drink industry.

FOLLOW THE GROCER

The Grocer's commentators and opinion makers