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MESSAGE FROM Arnaud Lagardère

2017 was a good year for our Group, in which we maintained our growth momentum. We reported a 4% increase in like-for-like revenue and our profitability continued on its upward trend, enabling us to meet our objectives with Group recurring EBIT up by 6.7%.

These results reward our efforts and investments over several years, particularly at Lagardère Publishing and Lagardère Travel Retail. They are encouraging us to move forward with our transformation plan to take the necessary decisions concerning our media activities, and to consolidate our growth drivers. This will enable us to continue to strengthen our fundamentals and our financial solidity.

Lagardère Publishing recorded a very good performance, with continually improving results despite challenging conditions in the United Kingdom, Spain and Latin America. On the external growth front, Lagardère Publishing acquired publishing house Summersdale and digital publisher Bookouture during the year. Lagardère Publishing also pressed ahead with its diversification into adjacent activities by acquiring IsCool Entertainment, a company specialising in mobile games.

As planned, Lagardère Travel Retail is now a pure player focused on its core business. Lagardère Travel Retail reported like-for-like revenue growth of 9.1% and further boosted its profitability this year, demonstrating that our strategy is paying off. These strong results were mainly powered by good overall momentum in the EMEA and Asia-Pacific regions as well as the successful integration of Paradies in North America.

Le mot d'Arnaud Lagardère

Lagardère Active stepped up its international expansion in the audiovisual segment by acquiring Finland's Aito Media Group and, more recently, Skyhigh TV in the Netherlands, as well as by launching Gulli Bil Arabi. Lagardère Active also strengthened its position in the digital domain with the addition of startups Shopcade and Animalbox, specialising in e-commerce and subscription gift boxes, respectively. In addition, lower advertising revenues in the magazine publishing segment were partially offset by a stable year-on-year performance from circulation.

Lastly, Lagardère Sports and Entertainment improved its operating margin for the second consecutive year and strengthened its consulting business with the launch of Lagardère Plus. The year was also characterised by the start of operations at Bordeaux Métropole Arena.

Overall, our financial position remains solid. The proposed 2017 dividend of €1.30 per share represents an attractive return.

I would like to pay tribute to the commitment of the women and men of our Group. It is thanks to their passion, dedication and talent that we have, once again, been able to meet our objectives.

And I would like to thank you, dear Shareholders, for your loyalty and your support.

   
 
Arnaud Lagardère

Press releases

2018/10/11

Lagardère files complaint for insider dealing

2018/10/08

Monthly information relating to the total number of voting rights and shares making up the share capital

The group's values

The Group has clear values that determine its personality. Lagardère's creativity, boldness and independence have helped to create a modern, innovative media group that's in touch with its times.

The group's activities

The Lagardère group is a global leader in content publishing, production, broadcasting and distribution, whose powerful brands leverage its virtual and physical networks to attract and enjoy qualified audiences.
The Group's business model relies on creating a lasting and exclusive relationship between the content it offers and its customers.
It is structured around four business divisions.

 

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CSR at Lagardère

The Lagardère group's social responsibility policy is designed to address 3 requirements: responding to the increasing demands of regulators, aligning its CSR approach with its development strategy and stepping up its dialogue with stakeholders.