Lagardère yesterday released only a FY 17e trading update, which was globally in line with expectations. The yearly performances were strong thanks to the buoyant Travel division but also once again they emphasised the disparities within the group with two divisions lagging behind. Management confirmed the FY17e guidance, namely EBIT growth in the range of 5-8% on a comparable basis. No change to our forecasts.
09 Feb 2018
Solid FY17 trading statement: on its way to reach its guidance
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Solid FY17 trading statement: on its way to reach its guidance
Lagardere SA (MMB:PAR) | 0 0 0.8% | Mkt Cap: 3,246m
- Published:
09 Feb 2018 -
Author:
Véronique Cabioc'h -
Pages:
3
Lagardère yesterday released only a FY 17e trading update, which was globally in line with expectations. The yearly performances were strong thanks to the buoyant Travel division but also once again they emphasised the disparities within the group with two divisions lagging behind. Management confirmed the FY17e guidance, namely EBIT growth in the range of 5-8% on a comparable basis. No change to our forecasts.