Lagardère Group Q4 Sales Up 7.4% On Reported Basis

(RTTNews) - Lagardère group (LGDDF.PK) reported fourth quarter sales of EUR 2.04 bln, up 7.4% on a reported basis and up 3.5% on a like-for-like basis.

Lagardère Publishing amounted EUR 631 million, up 17.5% on a reported basis and 9.2% like-for-like. Sales for the Lagardère Travel Retail division totaled EUR 937 million, up 1.2% on a reported basis and up 3.3% like-for-like.

Lagardère also announced that it is generating solid growth in 2015, driven by positive momentum in Travel Retail, as well as Lagardère Sports and Entertainment and major best-sellers at Lagardère Publishing.

Sales for the year totaled EUR 7.19 billion, up 0.3% on a reported basis and up 3.0% like-for-like, with a positive currency effect of EUR 222 million, primarily due to increases of the US dollar and pound sterling.

Looking ahead, the company expects Group recurring EBIT growth for 2015 to be slightly higher than the target announced last July.