Good News for Lagardere

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By Carmen Comment

Lagardere, parent company of Hachette Book Group (as well as Hachette’s UK arm comprising Hodder Headline, Orion and Little, Brown Book Group) reports its first quarter revenues and for the publishing arm, revenues rose by 29.2% to 411.2m euros (or ($554 million), largely due to the consolidation of 83m euros of sales from Time Warner Book Group. On a like-for-like basis, revenues to end March 2007 advanced by 3.0%. They report that the 2007 outlook for Lagardere Publishing is good, especially for Education in France and Spain and for Literature in the United States.

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