After reporting a slight revenue decline of 1.6 percent for full-year 2018 back in February, at €2.252 billion, Lagardere Publishing has now reported full results in line with the expectation that 2018 would be “a more challenging year.” Profits for the year fell more than sales, at €190 million, down 9.5 percent from recurring EBIT of €210 million in 2017. The company said that the weakness in education sales in France — which were down €49 million — “weighed on profitability, as education has a higher operating margin.” Additionally, under nonrecurring items — which as we have observed in the […]
