The Lagardère Group, the corporate parent of Hachette, reported its third quarter earnings this week.
According to the financial report, Lagardère’s net sales were approximately $795 million, up 4.2 percent on a reported basis during Q3. Hachette’s net sales were up 6 percent during the quarter, but were still below the prior year. Digital book sales at Hachette have remained a steady business and continue to represent 20 percent of all book sales from the group in the U.S. and the U.K., the same as last year. Digital accounted for 6.4 percent of total net sales for all of Hachette Livre, which includes international sales.