Lagardère SCA, significant increase in 1997 sales : +16.8%

Category

Finance

Paris, February 11, 1998

Lagardère SCA’s consolidated sales for the year 1997 amounted to FF 65,903 million, compared with 56,401 million for 1996, a 16.8% increase.

(in FF million )	1997	1996	1997/96 % change	1997/96 % change*
High Technologies	20,704	19,542	5.9	3.5
Automobile and Transit Systems	7,484	3,706	101.9	101.9
Communication – Media	37,637	33,077	13.8	3.7
Other Activities	78	76	2.6	2.6
TOTAL	65,903	56,401	16.8	10.0

* Excluding changes in group structure and exchange rates.

The sales growth in each business sector was the result of :

in the High Technologies sector, the satisfactory delivery of some major export contracts in the Defense division.
in the Automobile and Transit Systems sector, the great commercial success of the new generation of the Renault Espace minivan launched in November 1996.
in the Communication – Media sector, the robust growth in the ” Multimedia and Grolier” and “Distribution Services” divisions as well as the growth in the “Print Media” and “Broadcasting, Film and Display” divisions. Included in the sales of this sector as from January 1,1997, are the sales recorded by Hachette Filipacchi Médias, a new company born from the association of Hachette Filipacchi Presse’s and Filipacchi Médias’ operations.

Total sales managed during the year 1997 amounted to FF 72,126 million, compared with FF 63,584 in 1996 (+13.4%).

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