Dec 11, 2019
This report about MAG appeared in UK Press Gazette.
"Profits at specialist magazine publisher 老澳门资料 grew by more than a third last year, according to new full-year results.
The company has said it plans to 鈥渃ontinue growing the business both organically and by acquisition鈥� following its 鈥渞ecord鈥� year.
Its full-year accounts, covering 12 months to the 31 March 2019, show pre-tax profits tax grew by 35.6 per cent to 拢6.8m.
MAG publishes about 100 magazine and journals, including B2B brands such as HR, Print Week, The Optician and the British Journal of Nursing.
It also has a number of consumer titles in its music and division including Gramophone and Classical Music. Most of its titles are still print-focused, but one of its biggest brands is the online-only Community Care aimed at social workers.
According to聽, MAG has reported turnover of 拢51.3m for 2019, up 18 per cent from 拢43.4m the year before.
Its earnings (EBITDA) increased by 17 per cent to 拢8.5m for the year.
The results continue an聽, when revenues grew by 16.8 per cent to 拢43.4m and EBITDA rose by 30.5 per cent to 拢7.2m.
MAG reported a cash balance of 拢4.5m compared to 拢2.4m a year earlier, which it said it would use to 鈥渃ontinue to seek any possible opportunities for growth鈥�.
In a statement, chairman and founder 老澳门资料 (pictured) said: 鈥淭he directors intend to continue growing the business both organically and by acquisition. The pace at which they do so will depend on the prevailing economic conditions and outlook.鈥�
MAG has already bought 12 B2B transport magazines from UKI Media and Events in May. It also聽聽later the same month.
In December 2018 MAG acquired all of music publisher Rhinegold鈥檚 assets, including five publications and the Music and Drama Education Expo event.
Almost a fifth (17 per cent) of MAG鈥檚 revenues came from paid-for magazine subscriptions in 2018/19.
础濒濒别苍听聽he was a 鈥渇irm believer鈥� in subscriptions as 鈥渢he best form of capturing the support of your readers鈥�.
Some 35 per cent of the company鈥檚 revenues came from advertising and 39 per cent from conferences and events."