Lagardere announced first-half and second quarter results, with publishing segment sales of €1.216 billion for the first six months, up €86 million or 7.7 percent from last year. Recurring EBIT was €81 million in the first half, down from €110 million in 2021—a record-breaking result—due to the rising costs of labor, transportation, and production. Sales in the second quarter were €662 million, an increase of 6.8 percent. In the US, like-for-like sales were down 1.9 percent compared to last year’s particularly strong first half, due to a “lighter release schedule” in 2022. But, as Hachette Book Group ceo Michael Pietsch […]
