Lagardere reported third quarter sales on Tuesday, with the publishing division growing 2 percent on a like-for-like basis and 7.4 percent overall — thanks to a still surging dollar and strong UK pound — at €607 million, up €43 million from a year ago. Foreign exchange accounted for €32 million of the gain. (Similarly, for the first nine months of the year, foreign exchange accounts for €102 million of the unit’s gains, with €21 million coming from acquisitions, primarily in the UK.) Hachette Book Group USA had another decline, down 4.2 percent in the third quarter, “mainly due to challenging comparison with brisk sales in third quarter […]
