As is their tradition, Lagardere followed up the headline reporting of 2013 sales from with additional reporting on their profits. On the already noted sales of €2.066 billion for Lagardere Publishing, recurring EBIT was flat at €223 million. Because sales fell 10 million euros, and EBIT was up €6 million under the hypothetical constant exchange rate, they celebrate that “publishing successfully raised its operating margin.” Outside of operating profits, however, Lagardere took a €24 million impairment charge in the publishing division, “especially on Partworks in Spain.” US profit “was significantly higher thanks to several best-sellers and the positive effects of growth […]
