In the European style, a month after reporting 2012 sales, Lagardere added a second report on their earnings. As noted previously, sales rose slightly at Lagardere Publishing to 2.077 billion euros (up 39 million euros), but EBIT nudged up less, gaining just 2 million euros at 223 million euros for the year. The company says that, “as expected, the second half of the year was marked by a substantial rise in profitability, enabling to maintain a high operating margin level of 10.7 percent throughout 2012.” Profits were “significantly higher” in the UK “thanks to commercial successes, the dramatic growth of […]
