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2017 challenges

Dag Rasmussen  



DAG RASMUSSEN

Chairman and Chief Executive Officer of
Lagardère Travel Retail
 

WHAT WERE THE HIGHLIGHTS FOR LAGARDÈRE TRAVEL RETAIL IN 2016?

After acquiring Paradies in North America in 2015, one of the key milestones was its successful integration within the division, extracting profitable synergies and adopting numerous best practices.
Despite a challenging economic environment, Lagardère Travel Retail also continued to grow in a very competitive market, notably winning a major tender in Duty Free & Fashion in Saudi Arabia, thereby entrenching its operations in the Middle East.

WHAT ARE YOUR CHALLENGES AND PRIORITIES FOR 2017?

We need to build on our early successes in the Middle East, with preparations continuing for the start of operations in Abu Dhabi and the opening of the three Saudi platforms in the coming weeks.
We must also pursue our strategy of conquest by strengthening our Retail expertise and our operational excellence, notably by training our employees.
We also hope to increase the profitability of our growth and generate the financial resources allowing us to keep up the pace. This is particularly the case in Foodservice, where we are expanding rapidly in France and in other countries. With this in mind, strengthening our brand portfolio is a priority.
We also need to secure our large concession agreements while continuing to win new tenders, particularly in Asia-Pacific.
Lastly, further to the disposal of the Distribution activities, Lagardère Travel Retail now defines itself as a pure player in the three business lines of the travel retail market where it operates.

The group's key figures

The group's financial results demonstrate Lagardère's stability. Net sales, earnings before interest and tax, employees: access financial information about the group and its subsidiaries.

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