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2017 challenges

Arnuad Nourry  





ARNAUD NOURRY

Chairman and Chief Executive Officer of
Hachette Livre
 

WHAT WERE THE HIGHLIGHTS FOR LAGARDÈRE PUBLISHING IN 2016?

2016 was marked by three events: the enduring decline of e-book sales in the United States and the United Kingdom, which had little effect on Lagardère Publishing's margins given its limited exposure to this market at global level; curriculum reform in France, the first since 2012; and the runaway success of Harry Potter and the Cursed Child, which the division published in the United Kingdom and throughout the Commonwealth.

WHAT ARE YOUR CHALLENGES AND PRIORITIES FOR 2017?

2017 promises to be a good year, as most of the factors behind our success in 2016 will come into play again this year.
Digital formats will no doubt continue to slow in the United States and the United Kingdom, and this should perpetuate the return to growth in sales of printed books in both countries, a phenomenon that began in 2016.
Moreover, curriculum reform will continue in France, offering the Education segment scope to make a significant contribution to the division's results for the second consecutive year.
Last but not least, a new Astérix album is slated for release in the fourth quarter.
On top of that, the acquisitions we made in 2016 are already in operating order. The integration of Perseus into Hachette Book Group, successfully commenced in 2016, will be completed in 2017 when we take over the new subsidiary's distribution.

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