Scientific publisher Brill closed the disappointing year 2018 with a positive note. The always important months of November and December, according to the company, caused a turnaround and thus a stabilization of sales was achieved.
Brill came with a revenue and profit warning in the fall of 2018, but already pointed out the importance of the last months of the year. Turnover fell over the entire year by 1.2 percent to 36 million euros, mainly due to negative currency effects. Turnover was stable under its own strength. The turnover was therefore in line with the latest forecasts of the company.
The operating result (EBITDA) was slightly higher than expected despite a decrease of 12 percent to 3.6 million euros. Net profit fell from 2.3 million to 1.6 million euros. According to Brill, this decrease was mainly due to an increase in personnel costs and other operational expenses. The decrease was somewhat counteracted by a cost reduction plan that was launched almost a year ago.
Brill does not make specific predictions for the future, but says it is “cautiously optimistic” about 2019. That depends, among other things, on the brexit developments. has.
Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email [email protected]