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MESSAGE FROM Arnaud Lagardère


The Lagardère group is forging ahead with its transformation and we are delivering on our commitments, as demonstrated by our solid operating and financial performance in 2015, especially the sharp improvement in profitability.


During the year, we focused on two key areas:

- reducing our exposure to certain historical activities which no longer generate sufficient growth;
- catalysing growth drivers such as Travel Retail (acquisition of the Paradies group in the United States) and Audiovisual Production (acquisition of Grupo Boomerang TV in Spain).

Moreover, we are continuing to invest in our more resilient activities such as Lagardère Publishing, with the recent acquisition of Perseus Books in the United States.

Two of our divisions – Lagardère Services and Lagardère Unlimited – were renamed during the year, becoming respectively Lagardère Travel Retail and Lagardère Sports and Entertainment. Having enhanced their visibility, these two activities are pressing ahead with their strategic transformations.


Lagardère Travel Retail has almost completed the planned divestment of its Distribution activities; as a result, both growth and profitability have improved markedly. Lagardère Sports and Entertainment's restructuring and refocusing on consulting and marketing rights is bearing fruit, with a sharp improvement in business levels and performance. Lagardère Publishing remains one of the world's leading publishers and boasts solid fundamentals. Lastly, Lagardère Active is continuing its own transformation process.

The Group's business model is now based on publishing, producing, broadcasting and distributing content, through our strong brands, to the audiences they generate in their various networks.

With the Group's long-term future in mind, I have decided, with the agreement of the Supervisory Board, to reaffirm my confidence in Pierre Leroy and Thierry Funck-Brentano, who have been re appointed as Co-Managing Partners of Lagardère SCA.

In 2015, we saw like-for-like sales grow by 3% and recurring operating profit jump 10.5% to €378 million, with the operating margin improving by one-half of a percentage point to 5.3%. Free cash flow advanced very significantly to €274 million.

As a result of these good performances, we are proposing a dividend of €1.30 per share, in line with our policy of providing a return for shareholders and thanking them for their long-term support.

Lastly, I would like to pay tribute to our entire workforce, whose talent, professionalism and commitment allow us to continue to record good performances year after year.

 

Press releases

2016/07/26

Aelia Duty Free made in Luton

2016/07/05

Half-year liquidity contract statement for Lagardère SCA

The group's values

The Group has clear values that determine its personality. Lagardère's creativity, boldness and independence have helped to create a modern, innovative media group that's in touch with its times.

The group's activities

The Lagardère group is a global leader in content publishing, production, broadcasting and distribution, whose powerful brands leverage its virtual and physical networks to attract and enjoy qualified audiences.
The Group's business model relies on creating a lasting and exclusive relationship between the content it offers and its customers.
It is structured around four business lines.

Learn More

CSR at Lagardère

Responding to the increasing demands of regulators, aligning its CSR approach with its development strategy and stepping up its dialogue with stakeholders.