Lindhardt og Ringhof doubles revenue in six years
In 2023, Egmont’s Danish publishing house Lindhardt & Ringhof had a revenue of DKK 706 million and an operating profit (EBIT) of DKK 56 million. This set a new record for the publishing house. Revenue has doubled since 2017, and in the past year alone it has improved by over DKK 100 million.
"At the same time, we have managed to complete a successful digital transformation of the entire publishing house without jeopardising sales of printed books. It's also worth noting that we have doubled the number of employees during the same period, so we now have over 450 employees,” says Lars Boesgaard, CEO of Lindhardt og Ringhof.
Among the year's many important publications were Thomas Korsgaard's short novel “Mente I det”, American cult author Bret Easton Ellis’ “Scars”, Pulitzer winner Hernan Diaz’ novel “Trust”, the entire international phenomenon Colleen Hoover's oeuvre of 24 novels was made available in Danish, Anja C. Andersen's beautiful non-fiction book “Det gådefulde univers”, Mich Vraa's novel “Under en anden Himmel”, Dorthe Bomann's conversation book with Niels Hausgaard “Når vi ånder i takt”, the third volume in Anne-Marie Vedsø Olesen's series about “Vølvens Vej”, and children's book publisher Carlsen sold one million copies of the smash hit “Sally's Dad”.
Of the 32 million books sold by Lindhardt og Ringhof in 2023, streaming accounted for a significant part of the digital publisher Saga. The readership has never been greater, and out of Saga's 130,000 digital publications in 30 languages, a number of Danish authors such as Steffen Jacobsen and Michael Katz Krefeld are now available to readers in many countries.
Lindhardt og Ringhof's educational division grew significantly in 2023, when the acquisition of Praxis and Clio was consolidated in the accounts. GoTutor, which offers homework help, continued its solid organic growth.
“We expect to continue to grow further in 2024, where we have strong authorships and titles in the pipeline,” says Lars Boesgaard.
Among the authors readers can look forward to news from in 2024 are Anne-Cathrine Riebnitzsky, Leif Davidsen, Thomas Korsgaard, Yuval Harari, Karl Ove Knausgård, Daniel Kehlmann, Niels Krause Kjær, Anna Grue, Steffen Jacobsen and as many as 30 new fiction authors, including several debut authors. Among the children's and young adult books, there is news from Sebastian Klein, while Sanne Munk Jensen and Glenn Ringtved are ready with a sequel to their great success “You and Me at Dawn”.