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Lagardere Publishing Continues Slight Gains, Despite Weakness at HBG

July 25, 2023
By Michael Cader

Lagardere reported headline results for their second quarter and detailed results for the first half of the year on Tuesday. “Demonstrating its resilience amid a less buoyant publishing market,” publishing division sales for the quarter were €677 million, up €15 million from a year ago (gaining 2 percent), though recent acquisitions including Welbeck and Paperblanks provided €9 million of that increase. For the first half of the year, sales reached €1.247 billion, up €31 million, gaining 2.5 percent, or 1.6 percent on a like-for-like basis, with €21 million from acquisitions. But recurring EBIT fell by €16 million to €65 million, […]

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Filed Under: Earnings Reports, Publishers

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