Lagardere reported 2015 profits after the close of the market in France, after having reported sales on their own in February. Lagardere Publishing had flat earnings on higher sales, with recurring EBIT of €198 million (up 1 million), and €16 million of charges for nonrecurring items. As previously reported publishing sales were €2.206 billion — up just 1.7 percent on a like-for-like basis, but €202 million euros overall. (Foreign exchange accounted for a big €140 million of those gains, and acquisitions added €28 million.) With the increase in sales, Lagardere Publishing’s operating margin was 9 percent, down form 9.8 percent a year […]
