Fourth quarter 2016 revenue Lagard re revises upwards its recurring EBIT(1) for 2016: growth expected around 13% compared to 2015(2) 2016 revenue: 7,391 million versus 7,193 million in 2015, up 2.5% like-for-like(3), up 2.7% on a consolidated basis Fourth-quarter 2016: 1,984 million, up 2.4% like-for-like, down 2.9% on a consolidated basis
Download press release in PDF
Access the audiocast
Fourth-quarter 2016:
The fourth quarter ended very positively, with business shaped by strong growth in Travel Retail and a busy sporting calendar for Lagard re Sports and Entertainment.
Revenue for the Group came in at 1,984 million, up 2.4% like-for-like (down 2.9% on a consolidated basis). The difference between like-for-like and consolidated figures is due to a 77 million negative scope effect, mainly resulting from disposals of Press Distribution activities, and to a 28 million negative foreign exchange impact, mainly attributable to the depreciation of the pound sterling.
By division (like-for-like basis):
- Lagard re Publishing: revenue was down 1.4%, as expected, owing to an unfavourable comparison effect linked to the success of Ast rix in fourth-quarter 2015, partly offset by a good performance from General Literature releases in the United Kingdom.
- Lagard re Travel Retail: revenue was up 7.2%, spurred by robust momentum in North America and a slight rally towards the end of the year with a favourable comparison effect in Europe.
- Lagard re Active: revenue was down 2.4%, with, as expected, Press activities following the market s downward trend, partly offset by growth at Lagard re Studios. Music radio in France performed well and e-health activities continued to expand.
- Lagard re Sports and Entertainment: revenue up 11.6%, primarily driven by a favourable calendar of football competitions in Asia and Africa.
Full-year 2016:
Organic growth in Travel Retail coupled with a very strong performance from Lagard re Publishing helped sustain our growth momentum.
Revenue totalled 7,391 million, up 2.5% like-for-like and up 2.7% on a consolidated basis. The difference between like-for-like and consolidated figures reflects a 95 million negative foreign exchange effect due mainly to the depreciation of the pound sterling, and a 124 million positive scope impact linked to external growth transactions, partly offset by the impact of disposals in the Press Distribution business.
I- REVENUE AND ACTIVITY BY DIVISION
Lagard re Publishing Revenue for 2016 came in at 2,264 million, up 2.5% like-for-like and up 2.6% on a consolidated basis.
The difference reflects a 70 million positive scope effect due mainly to the acquisition of Perseus in the United States, and a 68 million negative foreign exchange effect, relating chiefly to the depreciation of the pound sterling.
Business growth in 2016 was driven by the United Kingdom (up 11.0%), thanks to the success of Harry Potter and the Cursed Child in English worldwide (excluding the United States and Canada), and by the solid performance of Partworks (up 5.7%), especially in Japan, Spain and Argentina.
In France (up 1.5%), the good performance of Education driven by curricular reform was partly offset by an unfavourable comparison effect linked to the success of Ast rix in 2015, and by a less intensive release schedule in General Literature.
Fourth-quarter 2016:
At 619 million, business slowed slightly on a like-for-like basis, down 1.4% (down 2.0% on a consolidated basis). The difference between like-for-like and consolidated figures reflects chiefly a 22 million positive scope impact and a 26 million negative foreign exchange effect.
Figures below are presented on a like-for-like basis.
In France (down 6.4%), the decline in activity was mainly attributable to Illustrated Books, hit by an unfavourable comparison effect owing to the publication of Ast rix in fourth-quarter 2015 and to Distribution.
In the United States, business was down 12.4%, held back by a less intensive release schedule than in fourth-quarter 2015, despite further growth in audiobooks and Distribution.
In the United Kingdom, the business continued to enjoy strong 17.5% growth, spurred by the success of new titles such as Harry Potter and the Cursed Child and Fantastic Beasts, and by the youth segment, which saw the release of Pok mon.
The Spain/Latin America region was stable in the period (up 0.7%), despite the unfavourable comparison effect owing to the publication of Ast rix in fourth-quarter 2015, offset by a one-off export transaction in Latin America.
Partworks increased by 4.7%, driven by the success of Disney Tsum Tsum releases in Japan and to the good performance of the business in Spain and Argentina.
E-books accounted for 7.6% of total Lagard re Publishing revenue in fourth-quarter 2016, versus 7.5% in
fourth-quarter 2015.
Lagard re Travel Retail 2016 revenue for the division totalled 3,695 million, up 5.0% like-for-like and up 5.3% on a consolidated basis. The difference results from a 21 million negative foreign exchange effect linked mainly to the depreciation of the pound sterling, Polish zloty and Canadian dollar, and from a 50 million positive scope impact, breaking down as:
A 395 million negative impact of disposals and changes in the consolidation method relating mainly to the disposal of Press Distribution activities in Spain, Switzerland, Canada and Belgium.
A 445 million positive impact from acquisitions, primarily relating to the consolidation of Paradies
North American operations and fashion and confectionery stores at JFK airport (New York).
Fourth-quarter 2016:
Revenue for the division totalled 911 million, up 5.5% like-for-like (down 2.8% on a consolidated basis).
This difference chiefly results from a 71 million negative scope impact following disposals of Press Distr
Most recent headlines
04/08/2024
Dalet, a leading technology and service provider for media-rich organizations, is excited to announce Santiago Solanas as its new Chief Executive Officer (CEO)....
03/06/2024
Dalet, a leading technology and service provider for media-rich organizations, a...
03/05/2024
An innovative learning tool to help media and civil society better understand ho...
03/05/2024
PARK CITY, UTAH - JANUARY 21: (L-R) Actors K stutis Cic nas and Greta Grinevi i t , Director Marija Kavtaradze and Producer Marija Razgute attend the 2023 Sunda...
03/05/2024
If you aren't familiar with Danny Ocean's music, it's only a matter ...
03/05/2024
Spotify has an unwavering commitment to supporting emerging artists across all genres, to helping them launch and thrive in their careers, and to connecting the...
03/05/2024
Como uno de los sonidos de mayor expansi n en el mundo, la M sica Mexicana va m ...
03/05/2024
As one of the fastest-growing sounds worldwide, M sica Mexicana is more than jus...
03/05/2024
NEW YORK FuboTV reported that it lost 110,000 subs in Q1 2024 but it exceeded its guidance for the quarter with double digit year-over-year increases across key...
03/05/2024
Only 3 Weeks Left To Enter The Creative Industries Most Award
Brie Clayton May 3, 2024
0 Comments
Creativepool is giving a last call to the creative i...
03/05/2024
WePlay Studios Transforms the Future of Live Event Storytelling with AJA Gear
Brie Clayton May 3, 2024
0 Comments
By 2032, the esports market is expec...
03/05/2024
WASHINGTON Shannon Bream, Fox News Sunday anchor and chief legal correspondent, sat for a keynote chat at The Business of TV News, with Tom Umstead, senior co...
03/05/2024
WASHINGTON Asked how important is local news, Martha Raddatz, who has covered foreign conflicts for decades and moderated presidential debates for ABC News, s...
03/05/2024
Sony Pictures and Apollo Global Management have made a $26 billion cash offer fo...
03/05/2024
CBS announced its 2024-2025 primetime schedule, which features the new dramas NCIS: Origins, Matlock and Watson, and new comedies Poppa's House and Georgie ...
03/05/2024
Sports-focused streaming service Fubo said it reduced its red ink in the first quarter, despite losing 110,000 subscribers since the end of the year....
03/05/2024
Walmart is reportedly about to release a new 4K streaming box/smart speaker hybrid device for Google TV that could retail for as low as $50, according to a repo...
03/05/2024
Enhancements to its Delivery Workspace solution provide increased content delivery robustness and security
By Matthew Corrigan
Published: May 3, 2024
Enha...
03/05/2024
According to reports, if the bid is successful, Sony would be the significant majority shareholder of the new private company
By Jenny Priestley
Published: M...
03/05/2024
Located in Manchesters Spinningfields district, the course aims to equip students with the skills, knowledge and industry insight for a career in the creative s...
03/05/2024
Lightbridge has created a new Cine Reflect Lighting System kit, dedicated to enabling artistic lighting with consideration of today's productivity practical...
03/05/2024
Broadcast media systems integrator BeckTV and Lawo worked together on a large-scale AES67 build of radio control rooms at KPBS, San Diego's NPR and PBS memb...
03/05/2024
Raleigh, NC, April 12, 2024 SmallHD announces PageOS 6, a powerful software update free for owners of SmallHD monitors, featuring increased functionality, exp...
03/05/2024
SmallHD announces the Quantum 32 a new 31.5 OLED monitor designed to provide reference HDR/SDR images for post-production final color grading, as well as cri...
03/05/2024
By 2032, the esports market is expected to grow to $9.29 billion, bolstered by a global player count and fan following that both continue to climb. The 2023 Lea...
03/05/2024
Amagi, the global leader in cloud-based SaaS technology for broadcast and connected TV (CTV), today announced that the 11th edition of the Amagi Global FAST Rep...
03/05/2024
Riedel Communications today announced that Westdeutscher Rundfunk (WDR) is relying on a media and intercom network based on Riedel technology for the renewal of...
03/05/2024
Broadpeak , a leading provider of content delivery network (CDN) and video streaming solutions for content providers and pay-TV operators worldwide, announced t...
03/05/2024
Media technology innovator Limecraft will exhibit the latest updates to its online platform on stand G79 at the 15-16 May 2024 Media Production & Technology Sho...
03/05/2024
Audio interface specialist Prism Sound is partnering with console manufacturer Solid State Logic, professional monitor manufacturer PMC and acoustic panel and d...
03/05/2024
Intinor, Sweden's leading developer of products and solutions for high-quality video over the internet, is set to join forces with its UK partner Zest Techn...
03/05/2024
NAKIVO Inc., a fast-growing software company dedicated to protecting physical, virtual, cloud, and SaaS environments, announced its Q1 2024 financial results to...
03/05/2024
Hiltron Communications announces an addition to its range of satellite communication products and systems: a field-upgradable motorisation kit specifically desi...
03/05/2024
Visit LiveU at Stand D30
With this year an exceptional one for major sporting events alongside multiple, key elections, the power and flexibility of LiveU'...
03/05/2024
Agile Content, the leader in the development of technology and solutions for the provision of television services over the Internet, announces Koldo Unanue as i...
03/05/2024
Eight co-signers representing streaming services, pay TV operators and public interest groups have sent a letter to Congressional leaders urging their Committee...
03/05/2024
BOSTON Brightcove has announced that it has implemented Amazon Q Business, a new generative AI assistant on Amazon Web Services (AWS)....
03/05/2024
NEW YORK CBS has declared that it will finish the 2023-24 season as Americas Most-Watched Network in primetime for the 16th consecutive season....
03/05/2024
A new survey indicates that U.S. businesses and consumers had an overall positive attitude towards their technology spending plans in the first quarter of 2024,...
03/05/2024
Sony and Apollo Global Management have sent an offer letter to Paramount Global's board of directors making an $26 billion all cash offer for Paramount Glob...
03/05/2024
EMG / Gravity Media has appointed Charlie Cubbon chief operating officer (COO) and Jamie Hindhaugh regional CEO for the U.K., U.S., Australia and the Middle Eas...
03/05/2024
Final 2024 Season Games to Air Saturdays on WRAL at 10:30am in May, Championship on June 1
Taping for the final episodes of the 2024 season of WRAL-TV's Br...
03/05/2024
Estrella MediaCo said it is expanding its connected TV portfolio by launching three new channels with Curiosity that will first appear on Samsung TV Plus....
03/05/2024
Nielsen said that actors' union SAG-AFTRA has selected Nielsen as its third-party provider of streaming content measurement....
03/05/2024
Cineverse said it has released a public beta version of cineSearch, its artificial intelligence-based system designed to help users find content to watch....
03/05/2024
Court TV said that its series Accomplice to Murder with Vinnie Politan is returning for a second season beginning May 5....
03/05/2024
Paramount Advertising said it is working with Mastercard and research and analytics company EDO to measure the impact of advertising campaigns and improve their...
03/05/2024
WASHINGTON The panel The Growth of Local Programming happened at The Busines...
03/05/2024
Katz Media Group said that Craig Broitman will become president of the company, succeeding Leo MacCourtney, who announced that he is retiring effective July 1....
Fourth quarter 2016 revenue Lagard re revises upwards its recurring EBIT(1) for 2016: growth expected around 13% compared to 2015(2) 2016 revenue: 7,391 million versus 7,193 million in 2015, up 2.5% like-for-like(3), up 2.7% on a consolidated basis Fourth-quarter 2016: 1,984 million, up 2.4% like-for-like, down 2.9% on a consolidated basis
