Third quarter sales at Lagardere Publishing were €564 million, down €16 million from the same period a year ago. (That’s a numerical decline of 2.9 percent, though they company said on a like-for-like basis results were actually down 5.9 percent.) Currency exchange added €6 million. After a surprisingly positive first half, the dispute with Amazon weighed more heavily on HBG USA in the third quarter, with sales down 18.5 percent compared to a year ago. The company cited “the difficult situation with Amazon, as well as the postponement of some publications,” plus a difficult comparison to last year, when “an unusually […]
