Private Frazer’s Doomed Magazines

June 16, 2008

A little cut here, a little cut there…

Filed under: B2B magazines,Chair by the door — privatefraser @ 9:21 am
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Huveaux has sold its e-learning division to reduce its debt. This comes on top of the sale of its French healthcare division earlier in the month, and a trading statement in March that saw EBITDA down 19% and profit down over 80%. 

The key phrase in the chairman’s bullish statement to investors is this: “the Group’s trading remains heavily weighted to the second half of the year”. This, fo all yearts, is not a good time to be back-weighting your revenue projections.

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