Lagardere reported first quarter sales for the period ended March 31, with publishing sales of €509 million, up from €457 million, an 11.6 percent gain over the first quarter of 2020. Acquisitions — primarily the addition of Laurence King Publishing last September — added €6 million to sales, while currency exchange reduced sales by €17 million. The company attributed the strong performance to “successful editorial decisions in the various regions as well as by the increased appeal of reading among consumers during extended lockdowns, notably in France and the United Kingdom,” where sales grew by 22.2 percent and 19.8 percent […]
