Having already reported sales for 2014 a month ago, in the European style Lagardere followed up on Wednesday afternoon with a full accounting of their profits for the year as well. On those sales of €2.004 million (down 3 percent), recurring EBIT fell further, down €26 million or 12 percent to €197 million. EBIT, after non-recurring/non-operating items, declined €23 million to €169 million. Despite the weaker year, publishing still accounts for over half of parent company Lagardere’s total earnings (but 28 percent of sales). Per our previous estimates, Hachette Book Group in the US and Canada comprised 24 percent of publishing sales, […]
