Lagardère reported Q4 revenues of €1,984m, down 2.9% and up 2.4% on an organic basis (supported by Travel Retail at +7.2%, i.e. validating its current strategy in this segment, and Sports at +11.6%, thanks to a favourable calendar effect in Asia and Africa, offsetting a soft Publishing: -1.4%). A satisfactory end to the year, even if slowing down, as expected and guided for by management, after the strong +6.1% of the last Q3 and +2.5% for the 9 months period, due to an unfavourab
10 Feb 2017
FY16e recurring EBIT guidance raised
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FY16e recurring EBIT guidance raised
Lagardere SA (MMB:PAR) | 0 0 0.8% | Mkt Cap: 3,246m
- Published:
10 Feb 2017 -
Author:
Véronique Cabioc'h -
Pages:
3
Lagardère reported Q4 revenues of €1,984m, down 2.9% and up 2.4% on an organic basis (supported by Travel Retail at +7.2%, i.e. validating its current strategy in this segment, and Sports at +11.6%, thanks to a favourable calendar effect in Asia and Africa, offsetting a soft Publishing: -1.4%). A satisfactory end to the year, even if slowing down, as expected and guided for by management, after the strong +6.1% of the last Q3 and +2.5% for the 9 months period, due to an unfavourab