Reflections by award-winning maritime historian Joan Druett, author of many books about the sea
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Thursday, February 13, 2014
eBooks one-third of Hachette sales
From Digital Book World
One third of reported sales last year were digital books, according to Hachette's latest figures
Full-year revenue in 2013 jumped 6% from the previous year at Hachette Book Group, according to its parent company Lagardère’s latest earnings announcement.
That’s partly thanks to a significant uptick in digital sales, which grew 33% last year and now comprise a third of the Hachette’s total sales, as opposed to just over a quarter in 2012.
Behind the year’s growth are the strong performance of general literature titles–a trend that continued into the fourth quarter–and Hachette’s acquisition of Hyperion in June of last year.
Strong sales in fiction in France and the U.K. as well as in Partworks, the company’s collectible magazine division, together contributed to a 1.9% growth in revenue at Hachette Livre, which includes Hachette Book Group in the U.S.
Despite these successes in its publishing business, Lagardère’s revenues (€7.216 billion in 2013) declined 1.3% from last year. The company will report full-year profit for 2013 next month.