Lagardère: Q3 sales up 2.6% LFL

(CercleFinance.com) - Lagardère has reported Q3 sales of 1,895 million euros, up 2% as reported and up 2.
6% like-for-like, bringing 9m sales to 5,261 million euros (+1.9% as consolidated and +3.7% on a comparable basis).

The group is thus maintaining its growth momentum, thanks to the performance of Lagardère Travel Retail, and despite this year's absence of school reform for Lagardère Publishing, as well as an unfavourable calendar effect for Lagardère Sports and Entertainment.

Lagardère has confirmed its FY 2018 target for Group underlying operating profit (underlying operating income of integrated companies) growth of between 1% and 3% relative to 2017, at constant exchange rates and excluding the impact of Lagardère Active's disposals.



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