Lagardère Reports Increase in Sales for First Half of 2000 : +3.0%

Category

Finance

Paris, August 14, 2000

LAGARDÈRE SCA reported consolidated sales of 5,939 million euros for the first half of 2000, an increase of 3.0% over the first half of 1999. After eliminating the effects of exchange rates and changes in the group structure, sales grew by 3.8% over the comparable period.

 

Sales in million euros

Sales in million French francs

Variation 00/99

Variation 00/99 with comparable data

 

30.06.00

30.06.99

30.06.00

30.06.99

%

%

Lagardère Médias

3 498

3 243

22 945

21 274

7.9

3.6

Aerospatiale Matra

1 830

1 897

12 007

12 443

(3.5)

6.8

Automobile

611

628

4 004

4 117

(2.7)

(2.7)

Others

0

1

0

5

Ns

Ns

TOTAL

5 939

5 769

38 956

37 839

+ 3.0

+ 3.8

Sales of “Lagardère Medias” increased by 8.0%, after eliminating the changes in the group structure, over the comparable prior year period. After eliminating the effects of exchange rates –primarily the increased strength of the dollar- this growth amounted to 3.6%.

Within this business, the strongest growth came from the “Audiovisual” division. The “Press”, “Distribution and Services” and “Multimedia Grolier” divisions also experienced growth.

Sales of “Aerospatiale Matra“, after eliminating changes in the group structure, increased over the comparable 1999 period, resulting mainly from growth in the “Space”, “Systems Services and Telecommunications” and “Aeronautics” divisions.

Sales of the “Automobile” business decreased slightly from the first half of 1999, a period during which sales grew significantly (+ 6.4%) over the comparable 1998 period. 

Press Contacts:

Thierry Funck-Brentano - Tel. 33 1 40 69 16 34

Financial Information:

Alain Lemarchand
Tel. 33 1 40 69 18 02 - mail : alemarchand@lagardere.fr

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