Lagardere reported first quarter sales, with the publishing unit rising overall on renewed strength in France and the weakness of the Euro, which works in their favor on US and UK book sales even as HBG USA and Hachette UK had weak quarters. That left unit sales of 421 euros up 7.1 percent on a reported basis, but down 2.2 percent on an underlying basis — taking out 29 million euros of currency gains on the weak euro, and another 8 million euros from last year’s acquisitions of Quercus, Constable & Robinson and Black Dog & Leventhal. Sales at HBG USA […]
