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Sales Fall 20 Percent At HBG USA (On Meyer Comp), But Lagardere Finishes Ahead

February 11, 2010
By Michael Cader

Lagardere reported preliminary results for their fiscal fourth quarter, ending December 31, with sales at Lagardere Publishing down 2.7 percent at 579 million euros (though the company claims that on a “like-for-like” currency adjusted basis sales rose 0.2 percent in the period and declares it “better than expected”). Sales at Hachette Book Group USA, which had shown “double-digit growth” through the end of September, fell “about 20 percent” in the fourth quarter–due to comparisons to Stephenie Meyer’s big breakout a year ago, when she sold 8 million copies in December 2009. US ebook sales, as previously mentioned by ceo Arnaud […]

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Filed Under: Earnings Reports, Publishers

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