Lagardere reported fourth quarter and full year results, with publishing division sales of €772 million in Q4, up 10.3 percent from €700 million last year. These results were driven by €24 million from the acquisition of Workman, and €16 million in foreign exchange as the British pound depreciated. For the full year, publishing sales were €2.598 billion, up 9.4 percent from €2.375 billion a year ago. Recurring EBIT rose substantially, to a record of €351 million, up €105 million over last year. The company said the higher margin “was driven by business growth, a favorable sales mix and disciplined cost […]
