The Quarto Group

Financial highlights

	2021² $’000	2020² $’000	2019² $’000	2018¹ $’000	2017¹ $’000
Results
Revenue	151,483	126,883	135,807	149,292	152,512
Operating profit before amortisation of acquired intangibles and exceptional items	15,417	10,618	10,004	10,305	7,193
Operating profit/(loss)	15,410	9,282	8,774	4,303	(17,882)
Profit before tax, amortisation of acquired intangible assets and exceptional items	13,621	7,925	5,074	5,945	3,893
Profit/(loss) before tax	13,614	6,589	3,844	(57)	(21,182)
Profit/(loss) after tax	9,862	4,569	2,882	(552)	(18,539)
Assets employed
Non-current assets	58,154	70,875	83,385	79,481	85,075
Current assets	100,067	82,063	81,396	92,289	94,248
Current liabilities	(68,057)	(98,206)	(128,226)	(74,084)	(71,039)
Non-current liabilities	(36,996)	(11,019)	(15,501)	(79,698)	(87,311)
Net assets	53,168	43,713	21,054	17,988	20,973
Financed by
Equity	53,168	43,713	21,054	17,988	20,973
Non-controlling interests	—	—	—	—	—
	53,168	43,713	21,054	17,988	20,973
Earnings/(loss) per share (cents)
Basic	33.8	11.7	14.1	(2.7)	(96.4)
Diluted	33.8	11.6	14.0	(2.7)	(96.4)
Adjusted basic	33.8	14.1	19.0	23.2	18.3
Adjusted diluted	33.8	14.1	18.8	23.0	17.8

1 The results of 2017 and 2018 have not been restated to reflect the change in accounting for the absorption of overheads to pre-publication costs as set out in note 1.

2 IFRS16 (‘Leases’) have been adopted on a modified retrospective basis and accordingly the prior year has not been restated. The impact of this is disclosed in note 1 of Notes to the Financial Statements.

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The Quarto Group, Inc.
1 Triptych Place
Second Floor
London
United Kingdom
SE1 9SH

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