The France-based publishing company Lagardère revealed it has had a profitable year in 2013, reporting positive growth in sales in both the US and UK. The company’s revenue went up 1.9 percent in 2013, which is in spite of a slight hiccup that the company had to deal with in the final quarter of 2012 owning to a strong Euro. However, Lagardère revealed ebooks have grown to 10.4 percent of its total sales in 2013. This marks a growth over the 7.8 percent that ebooks made for the publisher’s total sales in 2012. The publisher further revealed its digital growth is largely limited to the US and UK markets. France has reported good results though the same could not be said of Spain, yet to come out of the financial mess it is embroiled in.
“Hachette Book Group had a very strong year in 2013, with continued digital growth, the acquisition of Hyperion, and more bestsellers than ever before, including 10 of Bookscan’s top 25 hardcover fiction titles,” said Michael Pietsch, CEO HBG while declaring the results.
The publisher also reported brisk sales of Sir Alex Ferguson’s autobiography, which sold 1.4 million copies so far, thereby contributing to the publisher’s good performance. As for Hachette’s performance in the UK, the firm revealed its proceeds from digital sales stands at £70 million in 2013.
Tim Hely Hutchinson, Hachette UK CEO, said: “2013 was another stand out year for Hachette UK, in fact it was one of our best years ever. We estimate that our combined e and p sales give us a UK market share of 15% in 2013. We are the leading e-book publisher by some margin and January 2014 is our best month ever for digital sales.”