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2019 challenges

Chairman and Chief Executive
Officer of Hachette Livre

What were the key highlights for Lagardère Publishing in 2018?

2018 saw a slight decline for Lagardère Publishing, due to the complete absence of curriculum reform in France and Spain, which affected our Education activities. But we enjoyed traction from a great performance in General Literature in the United States, the United Kingdom and France, not to mention good results in Partworks.

Overall, international operations and French literature partially offset the decline in textbooks, without wiping it out entirely.

As a result, Lagardère Publishing saw its revenue edge down 1.2% on a like-for-like basis, while its recurring EBIT was down 9.7% compared with 2017, a particularly good year marked by several literary prizes, curriculum reform and the release of an Asterix album.

What are your challenges and priorities for 2019?

In 2019, Lagardère Publishing is well placed to benefit from curriculum reform affecting two senior secondary classes in France, as well as vocational education.

It will be a year of further diversification, with the division looking for acquisitions in video and board games.

We also plan to resume an active external growth strategy by positioning Lagardère Publishing as a potential acquirer on the US market, where the economic future of global publishing will largely be played out.

The group's key figures

2018: solid growth illustrated by a strong operating and financial performance.

The Group's brands

All companies and brand