Hachette’s profit up 24% in 2009
11.03.10 | Philip Jones
Hachette made a profit of €301m in 2009, up 24% on 2008, according to full-year figures released by its French parent Lagardere. The majority of the year-on-year increase of €58m came from the US, boosted by the success of the Stephenie Meyer saga.
As previously reported Hachette’s full-year sales were €2.3bn, an “all-time record performance”, with net sales up 5.3% on a reported basis and 6.5% on a like-for-like basis. The success of Stephenie Meyer’s books fueled double-digit top-line growth in the US, and a dynamic sales performance in the UK and Australia, Lagardere reiterated.
As with sales, which tailed off towards the end of the year, Lagardere said growth in “recurring EBIT before associates was much less strong in the second half of 2009 than in the first half”.
Overall, Lagardere said its “divisions enjoyed very mixed fortunes during the year” with Hachette pretty much “the exception, recording record sales thanks to the global success of Stephenie Meyer, with around 50 million copies of the Twilight saga sold in 2009”.