Consolidated revenue, Q1 2016 1,586 million compared to 1,572 million in Q1 2015, i.e. growth of 0.9% on a consolidated basis, -2.0% like-for-like and 1.8% like-for-like excluding the calendar impact of sporting events Lagard re confirms its target for recurring EBIT(1) for 2016
Press release (pdf - 498 kB)
Access the audiocast
Arnaud Lagard re, General and Managing Partner of Lagard re SCA, said:
As expected, 2016 started out with revenue up 0.9% on a consolidated basis.
During this first quarter, the implementation of our strategic plan led us to continue to reduce our involvement in Distribution and to forge ahead with the integration of the acquisitions of Paradies in the United States and Grupo Boomerang TV in Spain. We also moved to acquire complementary businesses in particular Rising Stars in the United Kingdom, akzio! ajoint and UFA Sports in Germany and, more recently, Perseus in the United States.
Based on this first quarter, we confirm the target for Group Recurring EBIT announced on March 9, while remaining vigilant, given the unstable geopolitical environment and the possible repercussions on our business activities.
I. FIRST-QUARTER REVENUE Group consolidated revenue in the first quarter of 2016 stood at 1,586 million, compared to 1,572 million for the same period in 2015, up 0.9% on a consolidated basis. Like-for-like, this growth came out to -2.0%, adjusted firstly for a - 10 million negative foreign exchange effect mainly due to the depreciation of the pound sterling, the Canadian dollar and the Australian dollar and, secondly, a positive scope effect of 54 million, broken down as follows:
Impact of disposals amounting to - 103 million, primarily relating to divesting from Press Distribution in Switzerland (Naville), the United States (Curtis), and Spain (SGEL) at Lagard re Travel Retail.
External growth transactions amounting to 157 million, primarily at Lagard re Travel Retail (consolidation of Paradies operations and stores at JFK airport in New York), at Lagard re Active (consolidation of Grupo Boomerang TV s Audiovisual Production activities in Spain), Lagard re Publishing (consolidation of Rising Stars) and at Lagard re Sports and Entertainment (consolidation of UFA Sports, EKS and akzio! ajoint).
The impact of these transactions should be felt in the first quarter of 2016, in light of the seasonal impact associated with the schedules of football tournaments in Africa and Asia, with an impact of - 55 million in comparison to the first quarter of 2015. Restated for this effect, the Group's effective growth was 1.8%.
II. REVENUE PER DIVISION
Lagard re Publishing
A quarter that contracted slightly, as every year, but non representative of the trend for the year.
Revenue for the division totalled 415 million, down 1.4% on a consolidated basis and down 2.1% like-for-like. Relative to Q1 2015, data on a consolidated basis should be adjusted, firstly to reflect a negative foreign exchange effect (- 2 million) mainly linked to the depreciation of the pound sterling, and secondly take account of a positive scope effect ( 5 million), notably including the acquisition of Rising Stars in the UK in January 2015 (consolidated as of April 2015).
Just as in previous years, we emphasise that the first quarter traditionally makes a lower contribution to the year as a whole.
On a like-for-like basis, the main changes per geographic area are explained by the following:
In France, after a very busy Q4 2015, business performance was down slightly (-2.2%), as we expected, due to a General Literature release schedule that was lighter than in Q1 2015.
In the United States, activity contracted (-10.3%), due to a less intensive new General Literature release schedule than in Q1 2015, despite two major James Patterson releases, Private Paris and NYPD Red 4.
In the United Kingdom, activity was in decline (-5.2%), mainly owing to e-book sales, hurt by negative comparison effects stemming from the establishment of the agency contract with e-book distributors that took effect in July 2015.
The Spain/Latin America zone reported excellent business performance ( 31.2%) thanks to a one-off export operation to Latin America.
Partworks experienced significant growth ( 15%) attributable to the stunning success of launches in 2015.
E-books: the transition to digital still remains concentrated in the General Literature segment in English-speaking countries:
- In the United States, where the digital market is in contraction, e-book revenue made up 26% of total revenue for the division in Q1 2016.
- In the United Kingdom, where the market seems to be stabilising, revenue for digital stood at 20% of total revenue.
In Q1 2016, Digital accounted for 10.4% of total revenue for Lagard re Publishing (vs. 12.2% in Q1 2015).
Lagard re Travel Retail
Continued growth momentum in Travel Retail
Revenue for the division totalled 852 million ( 7.3% on a consolidated basis and 6.2% like-for-like) owing to a negative exchange rate effect this quarter of - 8 million, primarily linked to the depreciation of the Australian and Canadian dollars and a positive scope effect of 23 million. The scope effect breaks down as follows:
Disposal of Distribution activities in Switzerland (Naville) in February 2015, in the United States (Curtis) in June 2015 and in Spain (SGEL) in February 2016 with an impact of - 100 million.
Acquisitions totalling 123 million, mainly linked to the consolidation of Paradies' US operations beginning in November 2015 and fashion and confectionery stores at JFK Airport (New York) beginning in April 2015.
The strategic transformation of the division is picking up speed. Travel Retail is growing and now represents 81% of revenue for the division, vs. 66% in the first quarter of 2015.
As such, on a like-for-like basis:
Most recent headlines
11/12/2025
Dalet, a leading provider of cloud-native, end-to-end media workflow solutions, ...
06/12/2025
FORT LAUDERDALE, Fla. A new survey from Pixitmedia by Datacore revealed a major shift in the Media & Entertainment industry in media archiving, with 85% of resp...
06/12/2025
HACKENSACK, N.J. LiveU has announced that the national public broadcaster Czech Television has completed one of the largest LiveU live production deployments fo...
06/12/2025
NEW YORK The National Academy of Television Arts and Sciences (NATAS) presented the Excellence in Production Technology Emmy Award to NASA+ and Dr. Tom Leight...
05/12/2025
2025 Sports Broadcasting Hall of Fame: Curt Gowdy Jr. - Master Storyteller, Nati...
05/12/2025
SVG Sit-Down: Veritone's Sean King on the Power of Mining Video, Audio DataThe company's Data Refinery offers users total control and governance over da...
05/12/2025
Platinum White Paper: Inside the Nashville Predators' Unified, Flexible, Sca...
05/12/2025
Netflix Reaches Agreement To Acquire Warner Bros. Following Planned WBD SplitThe deal does not include WBDs sports assets like TNT Sports (US, UK, LatAm), Euros...
05/12/2025
FOX Sports Returns to Indianapolis for Primetime Broadcast of Big Ten Championsh...
05/12/2025
SVG Summit 2025 Preview: Digital Engagement & Monetization Workshop Tackles the ...
05/12/2025
Atlanta United Lights Up New Emory Healthcare Studio With First Live Broadcast f...
05/12/2025
As Messi Takes the Pitch, MLS, Apple, NEP Roll Out Largest MLS Cup Production Ev...
05/12/2025
ESPN Enters College Football's Most Intense Month With Elevated Workflows fo...
05/12/2025
It's about that time! Awards season is in full swing, and the Film Independe...
05/12/2025
Every year, Spotify Wrapped offers a personalized look back at the audio that defined your year. It's a snapshot of your listening habits, designed to tell ...
05/12/2025
In 2025, Spotify's EQUAL, GLOW, and RADAR programs celebrated women, LGBTQIA , and emerging artists who turned moments into milestones. From breaking record...
05/12/2025
In our latest blog, we explain how Wi-Fi 7 rollouts can drive consumer loyalty with value-add services such as consumer cybersecurity. We also explore how this ...
05/12/2025
LOS ANGELES Netflix announced it has entered into an agreement to acquire the assets of Warner Bros. for $82.7 billion....
05/12/2025
NEW YORK Nielsens Gracenote has launched Gracenote Content Connect, a new ad platform that provides agencies, brands, supply-side platforms (SSPs) and demand-si...
05/12/2025
NEW YORK In an most important update to the workings of deal-based programmatic advertising, IAB Tech Lab has released version 1.0 of its Deals API for public c...
05/12/2025
NEW YORK Pass the turkey. Pass the stuffing. Pass the cranberry sauce. All are common requests of Americans celebrating Thanksgiving Day with family and f...
05/12/2025
NEW YORK Iris, the new cloud-connected camera control platform, has officially launched with features that turn virtually any PTZ camera into a software-connect...
05/12/2025
HOLLYWOOD, Calif. Netflix announced today that it has entered into an agreement to acquire the assets of Warner Bros. for $82.7 billion....
05/12/2025
NEW YORK Iris, the new cloud-connected camera control platform, has officially launched with features that turn virtually any PTZ camera into a software-connect...
05/12/2025
WASHINGTON The Federal Communications Commission has approved AT&T's $1.02 billion acquisition of spectrum from UScellular in a decision that was issued sho...
05/12/2025
The Best Coldplay Songs: 21 Tracks That Shoot for the Stars From Yellow to Viva La Vida, Fix You to Paradise, this playlist goes back to the start.
December ...
05/12/2025
Zafris Lecture Series Brings Nabil Ayers to Berklee The 32nd annual James G. Zafris Distinguished Lecture series was held on Thursday, November 13, with guest...
05/12/2025
Friday 5 December 2025
A new Game of Thrones Tale: Official trailer for Sky Exc...
05/12/2025
Back to All News
Don Lee, Lee Jin-uk, and Lalisa Manobal to Star in Netflix Act...
05/12/2025
Tis the season of giving once again and this year we've taken our Give Back Fridays' concept and turned it on its head.
In the autumn we were approach...
05/12/2025
Brayden Gogis doesn't remember a time when he wasn't completely fixated on games in all forms. In preschool, when they asked us to dress up as what we ...
05/12/2025
The Grinch steals the spotlight as the theme for The Late Late Toy Show 2025
Tune in tonight at 9:35pm on RT One and worldwide on RT Player
#LateLateToyShow...
05/12/2025
RT Announces New Presenters of Flagship News Programmes
New RT Six One News co-presenter Tommy Meskill
Sarah McInerney & Justin McCarthy join Morning Ir...
04/12/2025
ToolsOnAir Blackmagic Design HyperDeck Event Presets for just:in mac pro 2025 & ...
04/12/2025
ToolsOnAir AJA Ki Pro Event Presets for just:in mac pro 2025 & just:in linux
More Details:Starting with version 5.5, both just:in mac pro and just:in linux sol...
04/12/2025
Wangu Kanuri from Kenya and Godwin Asediba from Ghana are two of this years finalists for Thomsons Young Journalist of the Year Award. The pair are runners-up i...
04/12/2025
SVG Sit-Down: ProximaVision's Claudio Lisman on Why Tethered Drones Could Be...
04/12/2025
SVG Campus Shot Callers: Imry Halevi, Senior Associate Director of Athletics, Co...
04/12/2025
Platinum White Paper: LiveU Lightweight Sports Production: A Step Change in Spor...
04/12/2025
London to Riyadh: DAZN brings the boxing glamour to new production levels for Be...
04/12/2025
Analysis: Paramount bets on the battering ram' with Champions League play By Callum McCarthy, Editor-at-Large
Tuesday, December 2, 2025 - 10:12
Print ...
04/12/2025
Space City Home Network Launches SCHN DTC App for Astros and RocketsThe Rockets and Astros were previously the lone NBA and MLB teams without a DTC appBy Jason...
04/12/2025
SVG Summit 2025 Preview: Content Workflows Workshop Spotlights Evolution of Spor...
04/12/2025
New Sponsor Spotlight: Geotech's Patrick Wambold On the Unreal Engine Revolu...
04/12/2025
Curt Gowdy Jr. - Master Storyteller, Nationally and RegionallyBy Jason Dachman, Editorial Director, U.S.
Thursday, December 4, 2025 - 1:52 pm
Print This Sto...
04/12/2025
(L-R) Rebecca Lichtenfeld, Mohammadreza Eyni, Sara Khaki, and Judith Helfand att...
04/12/2025
SBS launches Future Frames initiative to support emerging First Nations video ed...
04/12/2025
Coronal mass ejections caused by eruptions on the surface of the sun can have fa...
04/12/2025
Gracenote Content Connect enables media ecosystem to precisely align ad campaigns and programming based on rich content signals
NEW YORK - December 4, 2025 - N...
Consolidated revenue, Q1 2016 1,586 million compared to 1,572 million in Q1 2015, i.e. growth of 0.9% on a consolidated basis, -2.0% like-for-like and 1.8% like-for-like excluding the calendar impact of sporting events Lagard re confirms its target for recurring EBIT(1) for 2016 
