7 April 2022
Summary
• Revenue increased by 23.8% and EBITDA by 9.1%, with strong revenue development in Q4
• Vandenhoeck & Ruprecht exceeded expectations and integration is on track
• Net profit grew by 4.8% despite V&R integration costs
• eBook sales grew organically by 20% and including V&R by 33.5%
• Strong growth in Open Access and online primary sources
• Brill eBook Archive successfully launched in Q4 2021
• Proposed dividend of EUR 0.90 per (certificate) of ordinary share
Peter Coebergh, CEO commented: “During the second year of the COVID-19 pandemic, Brill continued not only to successfully manage its business as usual, but also to make significant progress on two key strategic objectives: increasing scale and becoming a digitally driven publishing house. The acquisition of the publishing houses Vandenhoeck & Ruprecht and Böhlau (together referred to as V&R) in Germany and Austria was yet another important development in Brill’s 339 years of history as a leading independent academic publisher.”
Total revenue grew by 23.8%, primarily due to the above-mentioned acquisition, and by 2.1% organically. For the first time, Brill’s EBITDA surpassed EUR 7 million. Gross margin, operating profit and net profit all improved as well, despite the costs incurred associated with the integration of V&R.