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2018 challenges

Chairman and Chief Executive
Officer of Hachette Livre

What were the key highlights for Lagardère Publishing in 2017?

I am delighted by the continued good health of printed books in all of our markets, and the stabilisation of digital formats in the United States and the United Kingdom, where lower e-book sales are being offset by strong growth in audiobooks.

In France, the second year of curriculum reform and a number of very popular releases more than made up for a sluggish first half.

We also acquired more small and innovative companies in the United Kingdom, which are opening up new markets for us on the fringes of our traditional businesses.

They will enable us to continue to diversify Lagardère Publishing without forsaking our know-how or our business model.

What are your challenges and priorities for 2018?

2018 will be a more challenging year, due to the high comparison basis with 2017 and the lack of curriculum reform in France.

So our priority will be to ensure management discipline without stifling the creativity of our teams, on which our future prosperity depends. And we will give each and every book the support needed to fulfil its potential, above all eagerly-awaited titles such as the Bill Clinton and James Patterson novel The President is Missing, due out in the spring, and La jeune fille et la nuit by Guillaume Musso, the most widely read French novelist in the world, who has just joined Calmann-Lévy.

On top of that, we will remain attentive to any acquisition opportunities that allow us to add scale and efficiency.

The group's key figures

The group's financial results demonstrate Lagardère's stability. Net sales, earnings before interest and tax, employees: access financial information about the group and its subsidiaries.

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