Lagardère: expects flat operating profit in 2018

(CercleFinance.com) - Lagardère's turnover came in at 7,069 million euros, up 4.
0% in comparable terms.

In particular, this growth reflects the sound performance of Travel Retail and dynamic growth of Lagardère Publishing, which posted respective growth of 9.1% and 1.9%, the group specified.

Group operating profit reached 403 million euros, up 2.1% in consolidated terms. "The sale of Lagardère Travel Retail's businesses (in Belgium, Hungary and Spain) resulted in a negative scope effect of 13 million euros, while FX factors had a negative impact of 4 million euros.


Copyright (c) 2018 CercleFinance.com. All rights reserved.