Lagardère: 4% growth in 2017 comparable sales
(CercleFinance.com) - Lagardère has reported sales of 7,069 million euros, down 4.
4% as reported, but up 4% on a comparable basis, mainly driven by organic growth at Lagardère Travel Retail and Lagardère Publishing's strong performance.
The difference between consolidated and comparable data is mainly due to the sale of Lagardère Travel Retail's press distribution activities, which has been partially offset by acquisitions by Lagardère Publishing.
This performance confirms the group's target for growth in operating profit for 2017, announced last March. The group expects growth of between 5% and 8% compared to 2016 (at constant exchange rates and excluding the effect of the sale of distribution activities).
Copyright (c) 2018 CercleFinance.com. All rights reserved.
4% as reported, but up 4% on a comparable basis, mainly driven by organic growth at Lagardère Travel Retail and Lagardère Publishing's strong performance.
The difference between consolidated and comparable data is mainly due to the sale of Lagardère Travel Retail's press distribution activities, which has been partially offset by acquisitions by Lagardère Publishing.
This performance confirms the group's target for growth in operating profit for 2017, announced last March. The group expects growth of between 5% and 8% compared to 2016 (at constant exchange rates and excluding the effect of the sale of distribution activities).
Copyright (c) 2018 CercleFinance.com. All rights reserved.