2014 profit drop for Lagardere Publishing

Hachette UK’s parent company Lagardere has released its results for 2014, showing that profits at Lagardere Publishing, which includes Hachette UK as well as other publishing divisions across the world, were €197m, down by 12% or €26m year-on-year. Sales for 2014 came to €2,004m, down 4.5% from the year before. Lagardere said the drop in its Publishing division was "due mainly to the contraction of activity in General Literature in France and in English-speaking countries,” and added: “The implementation of cost-cutting nonetheless helped limit its effects.”  Continue reading at 'The Bookseller'

[ The Bookseller | 2015-03-13 00:00:00 UTC ]

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