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Quarto UK trade sales up 14%

27.05.08 Anna Richardson

Quarto Group said UK trade sales were up by 14% at its publishing segment at the end of April, but said there is evidence of weakness in the buying patterns of some retail chains in the United States.

Speaking at the specialist book publisher and producer's annual meeting last Friday (23rd May), Quarto chairman and c.e.o. Laurence F Orbach said that "there is not much to add to the Q1 trading statement", which was released four weeks ago, and added that the forward order book for international co-edition books was 28% above last year, and overall group revenues increased by 19%, including the first-time contribution from MBI, which Quarto acquired last year.

In the publishing division, UK trade sales were up by 14% and in Australia and New Zealand, display marketing businesses were performing "omfortably ahead of last year". "It is only in the US, where there is evidence of weakness in the buying patterns of some retail chains, that our register sales, excluding our home improvement titles, are uneven and only a little better than flat," he concluded.

Financial Anna Richardson Quarto Laurence Orbach

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