In standard French fashion, Lagardere has reported profits for fiscal 2010, having already reported revenues. In the book publishing division, “a fall in profitability was expected after 2009’s spectacular results,” with recurring EBIT of 250 million euros, on sales of 2.165 million euros. Margin is down 51 million euros from a year ago, a 17 percent decline, and their net margin for the year was 11.6 percent, down from 13.2 percent in 2009 “due to a change in product mix (lower contribution from blockbusters in 2010) and investments in digital.” eBook sales continue to grow rapidly. As previously reported they […]
