Annual Report for the year ending 30 April 2007
Cambridge University Press is the printing and publishing house of the University of Cambridge, whose right to print and sell ‘all manner of books’ was granted by Henry VIII in 1534. It is the oldest Press in the world and has printed and published continuously since 1584.
Reports
Executive Summary
- The Press achieved record sales of £160.5 million. Sales grew by a market-leading 12% during the past year (and almost 25% in two years). All of this was in spite of the significant deterioration in the dollar.
- Driven by increased sales volumes and improved business management, the Press returned a net surplus of £3.2 million after transfers to the University.
- Academic products performed especially strongly, with monograph output continuing unabated and important new revenue streams being generated from digital products.
- The Journals group's 213 titles performed well, fuelled by strong consortia demand for digital packages.
- English Language courses are now reaping the rewards of investment since the turn of the century, capturing market share from our competitors and enjoying the opportunities presented by a growing demand for English.
- Educational publishing experienced a welcome resurgence, led by outstanding performances in South Africa and Australia.
- The Printing businesses achieved their first surplus in seven years, bucking the trend of decline and collapse elsewhere in the UK printing industry.
- Both printers and publishers in Cambridge agreed new pension terms which will limit the Press's exposure in volatile investment markets, thereby materially helping to ensure the long-term well-being of the Press and of the pension funds.
- Cambridge University Press India performed above expectations in its first year in the Cambridge family. The family was expanded further by the acquisition of the Global Grid for Learning and, shortly after the year-end, of our long-standing Japanese distributor, United Publishers Services Limited.
Previous reports
- Annual Report - for the sixteen months up to 30 April 2006 (PDF, 1.2MB)
- Annual Report 2004 (PDF, 457KB)
- Annual Report 2003 (PDF, 352KB)