Lagardere Publishing reported fourth quarter and full-year sales results on Thursday (and, in the European tradition, will not report earnings and complete 2018 details until March). Fourth quarter publishing sales of €645 million were €21 million higher than a year ago, with €10 million of that gain coming from recent acquisitions (Worthy Publishing, Kyle Cathie, Jessica Kingsley and Summersdale). But that was not enough to avoid a decline in full year sales, at €2.252 billion, €37 million lower than a year ago. Acquisitions added €30 million during the year, but foreign exchange — “mainly” a softening US dollar — reduced […]
