Lagardere reported second quarter (and half-year) results on Thursday, with sales at the publishing division down 3.7 in the quarter, at €558 million, versus €579 million a year ago. Last year’s acquisitions — primarily Bookouture, Jessica Kingsley, Summersdale and IsCool Entertainment — added about €6 million to second quarter sales (and €18 million in the first half of the year). Foreign exchange — primarily the weakening US dollar — cost €19 million in the quarter, and €42 million in the first half of the year. First half sales totalled €1 billion, down €19 million, and recurring EBIT was €40 million, […]
