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
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
'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.'
Timothy Wright, Chief Executive
0131 650 4219 / 07901 597 995
Anna Glazier, Head of Sales & Marketing
0131 650 4223