Lagardère reports that eBook sales now account for over 10% of sales, Hachette revenue up 6%
The publishing company Lagardère reported 2013 earnings today, reporting its U.S. publishing arm recorded a 6 percent jump in revenues. Taking into account all its publishing divisions, Lagardère was able to report that revenue was up 1.9 percent for 2013.
The publisher said that eBooks now account for 10.4 percent of sales, up from 7.8 percent in 2012. “The digital transition remains for the time being essentially limited to the US and UK markets,” the company said.
“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,” HBG CEO Michael Pietsch said of its results.
The company also reported good results in France, but said that “Spain is still being penalised for the persistent effects of the economic crisis.”
The company said that Sir Alex Ferguson’s autobiography has sold 1.4 million copies to date.