Lagardere : Q4 revenues a shade above expectations and EBIT guidance confirmed
>Revenues ahead of estimates - Lagardère this morning reported Q4 2018 revenues that were slightly higher than forecasts, at €1 997m whereas we were forecasting € 1 905 m. The performance was good for publishing (+1.4% on an organic basis) and, in parallel, slightly disappointing in travel retail (+5.6% on an organic basis). Note the decline in sport and at Active in Q4 with good Q3. The group confirmed its EBIT guidance for 2018. The group is holding a conference cal...Lagardere Groupe is a holding company. Through its subsidiaries, Co. is engaged in the media industry (news, education, culture and entertainment businesses). Co.'s main activities in the media industry can be divided into four separate divisions. Lagardere Publishing includes Co.'s Book Publishing and e-Publishing businesses. Lagardere Active encompasses Co.'s Magazine Publishing, Audiovisual (Radio, Television, Audiovisual Production), Digital and Advertising Sales Brokerage businesses. Lagardere Services encompasses the Travel Retail and Distribution businesses. Lagardere Unlimited specializes in sports and entertainment.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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