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MESSAGE FROM Arnaud Lagardère


"We owe this highly
satisfactory performance
in 2016, as is the case
each year, to the
commitment of
our employees."

2016 has been a pivotal year for your Group, above all, because we maintained our growth momentum and posted excellent operating performances.
It has also been a crucial year because it confirms the pertinence of our vision to transform a diversified media group into one focused on content publishing, production, broadcasting and distribution. The complementarity of our businesses allied with the obsession for creativity in everything we do has created a virtuous circle that is both solid and sustainable.
In addition, the disposal of declining businesses as well as investments in those with high growth potential has begun to produce concrete results.
These choices allow us to look to the future with quiet confidence.
By finalising the sale of its Press Distribution activities, Lagardère Travel Retail has completed its transformation and become a dynamic pure player. As a result, it posted organic growth in excess of 7% in 2016, lifted in particular by the acquisition of Paradies in 2015, which has driven very strong performances in North America.
Lagardère Publishing also had a very good year, with firmer operating margins and the acquisition of Perseus. It also invested in businesses adjacent to publishing with the acquisition of mobile game and app specialists.
Lagardère Active continued the turnaround of its Press operations and pushed ahead with the development of its Digital offerings. Digital revenue rose by almost 10% over the year (excluding LeGuide.com), driven notably by growth in the e-Health segment.
Lastly, business at Lagardère Sports and Entertainment held firm and confirmed its swing back to profitability. 
So we can say that all of the divisions contributed in 2016 to the significant improvement in our results, validating our strategy aimed at refocusing on and investing in our growth drivers.
Group recurring EBIT for the year came out at €395 million versus €378 million in 2015, outperforming the objective initially set out. Due to our solid financial position and the marked improvement in cash flow, we are proposing a stable dividend, representing a good return on your shares.
Of course, we owe this highly satisfactory performance in 2016, as is the case each year, to the commitment of our employees, and in particular to the senior executives of our four divisions. I would like to take this opportunity to pay tribute to their talent, and thank them all for their professionalism and their determination.
And I would also like to thank you, dear shareholders, for your loyalty and your support.

  Arnaud Lagardère

Press releases

2017/08/02

Monthly information relating to the total number of voting rights and shares making up the share capital

2017/08/01

When the land is left in the hands of Himalayan women

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 divisions.

Learn More

CSR at Lagardère

The Lagardère group's social responsibility policy is designed to address 3 requirements: responding to the increasing demands of regulators, aligning its CSR approach with its development strategy and stepping up its dialogue with stakeholders.