Lagardère SCA, significant increase in 1997 sales : +16.8%

Category

Finance

Paris, February 11, 1998

Lagardère SCA’s consolidated sales for the year 1997 amounted to FF 65,903 million, compared with 56,401 million for 1996, a 16.8% increase.

(in FF million )

1997

1996

1997/96
% change

1997/96
% change*

High Technologies

20,704

19,542

5.9

3.5

Automobile
and Transit Systems

7,484

3,706

101.9

101.9

Communication –
Media

37,637

33,077

13.8

3.7

Other Activities

78

76

2.6

2.6

TOTAL

65,903

56,401

16.8

10.0

* Excluding changes in group structure and exchange rates.

The sales growth in each business sector was the result of :

  • in the High Technologies sector, the satisfactory delivery of some major export contracts in the Defense division.
  • in the Automobile and Transit Systems sector, the great commercial success of the new generation of the Renault Espace minivan launched in November 1996.
  • in the Communication – Media sector, the robust growth in the ” Multimedia and Grolier” and “Distribution Services” divisions as well as the growth in the “Print Media” and “Broadcasting, Film and Display” divisions. Included in the sales of this sector as from January 1,1997, are the sales recorded by Hachette Filipacchi Médias, a new company born from the association of Hachette Filipacchi Presse’s and Filipacchi Médias’ operations.

      Total sales managed during the year 1997 amounted to FF 72,126 million, compared with FF 63,584 in 1996 (+13.4%).

Email alert

To receive institutional press releases from the Lagardère group, please complete the following fields:

Register