Posted Feb 17 2022 at 9:39Updated Feb 18. 2022 at 15:41
This is a record year for Hachette, which is regarding to officially change ownership. Last year, the publishing leader in France and world number three generated revenues of nearly 2.6 billion euros, driven in particular by the release of the latest Asterix but also by the global boom in book market. This represented an increase of 9.4% compared to 2020 and a historically high level for the subsidiary of the Lagardère group. In France, where its activities have taken off by 13.8% over one year, the group has crossed the symbolic barrier of one billion euros in turnover. A great first.
“Last year, France drove our growth, whereas in 2020, it was the English and American markets that carried us,” emphasizes Fabrice Bakhouche, Deputy CEO of Hachette Livre. Our performance in 2021 is all the more satisfying as we did not release a mega ‘bestseller’ that sold millions of copies. It is built on our catalog of authors that we have developed and installed over time. “For the current year, the parent company Lagardère anticipates a “less buoyant context for book sales in 2022” and forecasts a turnover “at a stable level” at the publishing level.
