Brill confirms its outlook as presented in the press release of October 30th: revenue will decrease by 1% to 2% versus last year and the EBITDA will be 20% to 25% below the 2017 level. As always, the final results for 2018 will heavily depend on the revenue generated during the months of November and December.
Brill’s Q3 sales were disappointing. Especially the print book sales in Europe and Asia showed a decline of approximately 10% compared to Q3 2017 as a result of lower market demand. Also journal sales in Q3 were significantly behind last year’s third quarter due to phasing of publication of journal issues. However, journal sales to date remain ahead of last year.
Due to a serious illness, Olivier de Vlam temporarily steps back as CFO and COO with immediate effect. Brill has appointed Wim Dikstaal as CFO ad interim and member of the Executive Committee of Brill effective 1 November 2018.