PMP yesterday released their first half figures for the 2012/13 financial year. EBIT for the first half of this financial year is $200,000, 89.4% lower than for the same period a year earlier. revenue for the same period was down by 9.7% to $167.5 million.
While these are challenging times for magazine distributors, newsagents are even more challenged with many unable to reduce their investment in magazine inventory.
The PMP numbers show that Gotch is making less from magazines – distributing fewer magazines. I suspect there is a difference in in scale out changes between magazine retail channels. The supermarkets, for example, would get attention beyond their market share, they would demand and get greater efficiency while newsagents demand and remain ignored.