Lagardère reported Q1 16 consolidated revenues down 2% on an organic basis and +0.9% on a reported basis at €1,586m (+€14m). The latter benefited from a 3.4% net positive impact from acquisitions. Positively, the group confirmed its FY16e guidance for recurring EBIT growth “slightly above 10%” (at CER and excluding any impact from any disposal of the Distribution activities).
12 May 2016
Good start to the year and reiterated guidance
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Good start to the year and reiterated guidance
Lagardere SA (MMB:PAR) | 0 0 0.8% | Mkt Cap: 3,246m
- Published:
12 May 2016 -
Author:
Véronique Cabioc'h -
Pages:
3
Lagardère reported Q1 16 consolidated revenues down 2% on an organic basis and +0.9% on a reported basis at €1,586m (+€14m). The latter benefited from a 3.4% net positive impact from acquisitions. Positively, the group confirmed its FY16e guidance for recurring EBIT growth “slightly above 10%” (at CER and excluding any impact from any disposal of the Distribution activities).