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2019 challenges

DAG RASMUSSEN   DAG RASMUSSEN
Chairman and Chief Executive
Officer of Lagardère Travel Retail
 

What were the key highlights for Lagardère Travel Retail in 2018?

We enjoyed another year of growth, driven by:

  • a good performance in existing stores thanks to the positive effects of our commercial strategy of keeping one step ahead of travellers' new needs, not to mention strong growth in traffic;
  • the success of network modernisations; 
  • the start of new contracts, notably in Senegal, Switzerland and Hong Kong.

We also completed the acquisition of Hojeij Branded Foods (HBF), a major player in airport catering in North America, allowing us to strengthen our activities in North America and more generally in Foodservice.

Lastly, 2018 saw us win tenders that will fuel our growth going forward, most notably 28 Smullers outlets (fast food) in train stations in the Netherlands, Fashion concessions at Vienna airport (Austria) and in the domestic terminal of the future Beijing-Daxing airport (China), plus the Duty Free operations at Léon-Mba airport in Libreville (Gabon).

What are your challenges and priorities for 2019?

Our goal for 2019 is to continue our growth and development.

Successfully integrating HBF and its subsidiary Vino Volo in the United States and successfully launching new contracts while continuing to optimise our existing operations are our top priorities.

We remain keen to innovate more in the concept stores and services we offer to our licensors and travellers, and to ramp up the CSR dimension of our strategy.

And we plan to continue our commercial development strategy to win new contracts in our three business segments (Travel Essentials, Duty Free & Fashion and Foodservice) to lay the foundations of our future growth.

The group's key figures

2018: solid growth illustrated by a strong operating and financial performance.

The Group's brands

All companies and brand