Publisher Bloomsbury has said it is on track to meet market expectations as it hailed strong sales of the latest book by Sarah J Maas.
The Harry Potter publisher said it is expected to reveal a rise in profits for the current financial year.
The London-listed firm said it is on track to perform in line with market guidance, which has projected a pre-tax profit of £41.6 million for the year to February 2026.
It comes after the company saw profits slip 22% to £32.5 million in the previous financial year.
Industry analysts currently expect the business to reveal a fall in revenues to £335.9 million this year, compared with £361 million a year earlier.
On Tuesday, Bloomsbury pointed to positive sales in its consumer division, highlighting strong sales of the paperback of House Of Flame And Shadow by Ms Maas in the UK and US, after its release in June.
It also indicated it hopes for further positive sales from the launch of JK Rowling’s Pocket Potter series next month, adding that it has a “strong” list of further releases for the rest of the year.
Bloomsbury said it is continuing with the integration of the recently acquired Rowman & Littlefield business into its non-consumer division.
The company said it is making progress with its growth strategy launched last year.
It said: “We continue to execute our Bloomsbury 2030 vision focused on our growth, portfolio and people.
“The resilience of our business created through the portfolio of portfolios strategy underpins the confidence our Board has in the future.”
