Lagardère SCA reports significant increase in First-Quarter sales 1998 : +12.1%

Category

Finance

Paris, May 13, 1998

LAGARDERE SCA’s consolidated sales for the first quarter of 1998 amounted to FF 15,168 million, compared with FF 13,526 million for the corresponding period of 1997, an increase of 12.1%. Excluding changes in Group structure and Foreign Exchange rates, the increase amounts to 7.4%.


(FF million)

1998
1st Quarter
(3/31)

1997
1st Quarter
(3/31)

1998/97
% Change

1998/97
% Change*

High Technology

3,697

3,927

(5.9)

(3.3)

Automobile and Transit Systems

2,068

1,496

38.2

38.2

Communication/Media

9,403

8,103

16.0

6.7

TOTAL

15,168

13,526

+ 12.1

+ 7.4

* Excluding changes in group structure and exchange rates.

  • High Technology sector decreased slightly thus consolidating the strong growth (+30%) recorded inthe first quarter of 1997 compared to the same period in 1996.
  • Automobile and Transit Systems sector, strong increase due to the great commercial success of the new Renault Espace. 
  • Communication/Media sector, significant increase in the sales for each of its divisions (Book Publishing, Print Media, Distribution Services, Broadcasting, Film and Display, and Multimedia Grolier).

Contacts Presse :

Roland SANGUINETTI
Tél : 01 40 69 16 74 - e-mail : presse@lagardere.fr

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