Following “decade high” earnings in the first half of the year, Lagardere Publishing said in a release that the division’s “strong sales momentum and product mix” will raise profits “in a more favorable manner than anticipated in the context of the health crisis.” They now expect full-year operating margin of “around 13.5 percent” for the year, up from a previous expectation of 12 percent. For comparison, in 2020 they had operating margin of 10.3 percent, with recurring EBIT of €246 million on sales of €2.384 billion. Through the first nine months of 2021 publishing sales were up 9 percent; if […]
