- Lagardère Travel Retail
- 2019 overview
BALANCED GROWTH IN OUR THREE BUSINESS SEGMENTS - TRAVEL ESSENTIALS, DUTY FREE & FASHION, AND FOODSERVICE - CONFIRMS THE UNDERLYING LOGIC OF OUR STRATEGY AMID THE FAVOURABLE TAILWIND OF GROWING AIR TRAFFIC. |
GOOD ORGANIC GROWTH ACROSS ALL GEOGRAPHIC AREAS |
| In France, the Travel Essentials, Duty Free & Fashion segments continued their strong growth in airports, with the opening of new retail areas covering more than 3,200 sq.m. in the new Terminal 3 at Paris-Orly and the creation of the Aelia Duty Free Smart Traveler concept in Beauvais. In Europe, Lagardère Travel Retail continued its organic growth, with the opening of 12 Relay stores in the Canary Islands, four restaurants at Malaga airport (Spain) and two points of sale with strong local identities (The Fashion Gallery and an Aïda restaurant) in Vienna, Austria. In Africa, following an initial establishment in Senegal, development continued in Gabon, where operations in Travel Essentials (Relay), Duty Free (Aelia Duty Free) and Foodservice (Trib's) stores were opened on more than 600 sq.m. at Léon-Mba airport in Libreville. Many Travel Essentials stores have also been opened in the United States, notably in the airports of New Orleans, Milwaukee, Cincinnati, San Francisco and Atlanta, and in Foodservice in Orlando, Greenville and Austin. In China, Lagardère Travel Retail once again demonstrated its ability to meet all the needs of airport licensors with the opening of more than 30 stores covering more than 2,100 sq.m. in Beijing-Daxing, plus more than 30 stores on more than 3,000 sq.m. in Shanghai Pudong. In addition, wo fashion stores and a restaurant were opened in Hong Kong. |
STRONG EXTERNAL GROWTH THANKS TO SUCCESSFUL ACQUISITIONS |
| Expansion was stepped up a notch in the Duty Free activity with the acquisition of International Duty Free (IDF), Belgium's leading Travel Retail operator. IDF also has operations in Luxembourg and Kenya. In addition, following the acquisition of Autogrill's activities in the Czech Republic, the Foodservice segment was Lastly, in the United States, the integration of Hojeij Branded Foods (American leader in Foodservice in airports) continued apace, with the opening of numerous restaurants, including the first Louie Bar in the airport area at Dallas-Fort Worth. |
WINNING TENDERS TO DRIVE GROWTH |
| A large number of tenders were won in 2019, including Václav-Havel airport in Prague (Czech Republic), with 18 stores in Duty Free and seven in Travel Essentials. In France, the contract for the operation of the eight Eiffel Tower souvenir shops has been renewed. In addition, in Germany, the contract for the operation of 15 Foodservice outlets at Frankfurt airport has also been renewed. |
A RENOWNED EMPLOYER Lagardère Travel Retail aims to become the most attractive employer in its sector and has made this commitment one of its major projects with the rollout of a survey spanning the entire division. In addition, its Italian subsidiary was recognised by the prestigious Top Employers Institute in 2019. |
The group's key figures
2019: furt her strong growth in revenue and in recurring ebit based on the target scope.
The Group's brands
