No surprises, with FY17 profitability pretty much in line with the recent trading update. The outcome confirmed that Travel is not only the driver of growth but also the earnings’ one. In addition to the current difficulties within its media portfolio, we wonder if Lagardère will still be a media company in the short to medium term as some disposals on this side appear to be in the pipeline (Elle magazine apparently being at the forefront).
12 Mar 2018
Unexciting FY17 and headwinds anticipated for FY18e
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Unexciting FY17 and headwinds anticipated for FY18e
Lagardere SA (MMB:PAR) | 0 0 0.8% | Mkt Cap: 3,246m
- Published:
12 Mar 2018 -
Author:
Véronique Cabioc'h -
Pages:
3
No surprises, with FY17 profitability pretty much in line with the recent trading update. The outcome confirmed that Travel is not only the driver of growth but also the earnings’ one. In addition to the current difficulties within its media portfolio, we wonder if Lagardère will still be a media company in the short to medium term as some disposals on this side appear to be in the pipeline (Elle magazine apparently being at the forefront).