Hachette’s UK sales increased 1.5% in the first half of 2022, reports the Bookseller.
According to Hachette parent company Lagardère, UK performance was driven by children’s titles and YA. Hachette UK CEO David Shelley said print market share in the UK increased year-on-year from 12.8% to 12.9%. “We’ve seen outstanding sales of Alice Oseman’s ‘Heartstopper’ series, which sold over two million copies in the first half of the year,” Shelley said, adding that the publisher had 14 number one titles in the Sunday time bestseller list in the first half of this year, up from eight in the same period of 2021.
Key titles included training partners (John Grisham, Hodder & Stoughton), The dark hours (Michael Connelly, Orion), rabbit hole (Mark Billingham, Small, Brown), The closed room (Elly Griffiths, Quercus), Electra (Jennifer Saint, Wildfire) and bad actors (Mick Herron, Baskerville).
‘TikTok has helped boost sales of many titles, including Truth by Colleen Hoover and The love hypothesis by Ali Hazlewood (both of Sphere),” Shelley said. “At Hodder Education, sales compare favorably to the first half of 2021 and new acquisitions John Catt and Illuminate also performed well.”
In the United States, sales of Hachette Book Group (HBG) increased “slightly” compared to 2021, due to the September 2021 acquisition of Workman Publishing, reports Weekly editors. Excluding Workman’s turnover, sales would have fallen by 1.9% over the period.
HBG CEO Michael Pietsch said paperback and digital audio sales increased during the period, backlist sales remained strong, and sales to independent bookstores were strong. In addition, sales in Canada were good and HBG’s distribution business recorded an increase in sales. Profits, however, were lower than the “extraordinary results of 2021 due to the sharp increase in paper, manufacturing and shipping costs”.
Key HBG titles included Dolly Parton and James Patterson Run, Rose, Run and Colleen Hoover’s thriller Truthas well as tracks from David Baldacci, Harlan Coben, Elin Hilderbrand and Nicholas Sparks.
Sales of Lagardère’s publishing arm increased 7.7% compared to the same period in 2021, but fell 1% like-for-like, due to the acquisition of Workman alongside the stationery company and of Paperblanks notebooks.
Overall, Lagardère, the subject of a takeover bid by Vivendi, the group’s turnover increased by 38.6% on a like-for-like basis, thanks to the rebound of Lagardère Travel Retail. The group recorded a loss of 45 million euros (A$65.6 million) in the first half, an improvement from a loss of 153 million euros (A$223 million) in the same period l last year.
Category: International news