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11 December 2017

EUP reports record year of sales

19 September 2017

Edinburgh University Press, the wholly owned subsidiary of the University of Edinburgh, has reported a record year of sales for the period ending 31 July 2017.

Pre-audited accounts for the year ending 31 July 2017 show total revenues of £3.22 million - up 12% year on year. The growth was driven by strong a performance from the books area where we published 191 new titles and saw print book sales rising 13% to £1.86 million & E book sales increasing by 20% and accounting for 19% of total book revenues. Journal sales were also strong.

Net profit was up 15% on last year to £100,000, which included £30k of journal investment made during the year.

Commenting on the results Timothy Wright, Chief Executive said:

 'This is a strong set of results particularly on the top line where we saw sales advance in most regions of the world but in particular the UK & Europe. In North America, despite continued challenges for the monograph market and ongoing purchasing issues, revenues increased by 20% year on year. Our E book sales through our network of global partners has been particularly encouraging and we are confident that this trend will continue this year. Numerous challenges remain in the monograph market where, particularly in the USA, the effect of changing purchasing models by libraries is continuing to reduce the number of copies that we sell in and by extension, print runs. Open Access will be a key objective for us this year in both books and journals as we digest the decisions on the design of REF 2021. We will though publish over 200 new books and 42 journals next year so we are well placed to continue the progress made last year.'

 

Contacts:

Timothy Wright, Chief Executive
Timothy.Wright@eup.ed.ac.uk
0131 650 4219 / 07901 597 995

Anna Glazier, Head of Sales & Marketing
Anna.Glazier@eup.ed.ac.uk
0131 650 4223