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2016 challenges

Arnuad Nourry  





ARNAUD NOURRY

Chairman and Chief Executive Officer of
Hachette Livre
 

WHAT WERE THE KEY HIGHLIGHTS IN 2015?

I observed two significant events during the year. The first was the slowdown in digital activities in English-speaking countries, which is due to the drop in e-reader sales and the end of discounted e-book prices - something that we actively sought while accepting that these would be the consequences.
The second was the exceptional performance we achieved in France with the publication of the new Asterix album and Grey, the fourth instalment in the Fifty Shades of Grey series, not to mention no fewer than seven major literary awards.

WHAT ARE YOUR CHALLENGES AND PRIORITIES FOR 2016?

This year in France, we won't be able to rely on a fourth volume of Grey, an Asterix or, barring a miracle, the profusion of literary awards won in 2015. But we will benefit from a major school reform encompassing all subjects and all grades, from preschool to secondary. That's the advantage of serving all segments of the publishing market.

In Spain and above all the United Kingdom, we should once again be able to take advantage of a fairly dynamic education market. However, our volumes on the English digital market will continue to be impacted by the return to agency agreements, as was the case in the United States in 2015.

In the United States, the cost-containment efforts in 2014 and 2015 will continue to pay off in the year to come. And the publishing schedule lined up for 2016 should restore our US-based operations to a satisfactory level of profitability.

Lastly, I expect the Partworks activity to once again secure strong results worldwide.

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