Lagardère released Q3 17 revenues which were globally in line with expectations at €1.85bn, up 2% on a lfl basis, mainly supported by a buoyant Retail Travel division (+7%). On a reported basis, revenues declined by 6.3%, mainly reflecting the press distribution’s disposal. Based on the current group’s operational trends and the outlook for the end of year, management remains confident it can deliver its previous guidance of 5-8% EBIT growth for FY17e on a lfl basis an
22 Nov 2017
No major changes on the horizon
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
No major changes on the horizon
Lagardere SA (MMB:PAR) | 0 0 0.8% | Mkt Cap: 3,246m
- Published:
22 Nov 2017 -
Author:
Véronique Cabioc'h -
Pages:
3
Lagardère released Q3 17 revenues which were globally in line with expectations at €1.85bn, up 2% on a lfl basis, mainly supported by a buoyant Retail Travel division (+7%). On a reported basis, revenues declined by 6.3%, mainly reflecting the press distribution’s disposal. Based on the current group’s operational trends and the outlook for the end of year, management remains confident it can deliver its previous guidance of 5-8% EBIT growth for FY17e on a lfl basis an