This time supported by continued growth in Travel Retail and a favourable calendar effect in Sports (i.e. the African Cup and the Asian Cup), Lagardère H1 15 revenues rose by 2.9% organically (-1.8% reported to €3,304m, after a negative perimeter impact of €277m and a positive €130m forex). Q2 organic growth reached only +0.4%, the only positive trend coming from the strategic Travel Retail business (+3.7%). Although the Sports division saw its margin boosted from 3.3% t
11 Aug 2015
Mixed H1 results offset by improved guidance
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Mixed H1 results offset by improved guidance
Lagardere SA (MMB:PAR) | 0 0 0.8% | Mkt Cap: 3,246m
- Published:
11 Aug 2015 -
Author:
Véronique Cabioc'h -
Pages:
2
This time supported by continued growth in Travel Retail and a favourable calendar effect in Sports (i.e. the African Cup and the Asian Cup), Lagardère H1 15 revenues rose by 2.9% organically (-1.8% reported to €3,304m, after a negative perimeter impact of €277m and a positive €130m forex). Q2 organic growth reached only +0.4%, the only positive trend coming from the strategic Travel Retail business (+3.7%). Although the Sports division saw its margin boosted from 3.3% t