Lagardère: 2.2% like-for-like sales growth.
(CercleFinance.com) - Lagardère posted Q3 revenue of 1,852 million euros, up 2.
2% like-for-like and down 6.3% as reported, which was mainly due to the disposal of press distribution activities at Lagardère Travel Retail.
Revenue for the first nine months of 2017 came in at 5,158 million euros, up 4.2% like-for-like, driven by the performance of Lagardère Travel Retail and Lagardère Publishing, in addition to the calendar effect of Lagardère. Sports and Entertainment.
Boosted by these performances, the media group has confirmed its FY 2017 growth targets for underlying operating profit (underlying operating profit of integrated companies) of between 5% and 8% at constant exchange rates and excluding the impact of the disposal of distribution businesses.
Copyright (c) 2017 CercleFinance.com. All rights reserved.