Fourth quarter 2016 revenue

15/06/2017

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

LINK:	http://www.lagardere.com/index.php?coe_i_id=363&idpress=7276...
	See more stories from lagard

Most recent headlines

05/01/2027

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be demoed at CES 2026

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...

01/06/2026

Dolby Sets the New Standard for Premium Entertainment at CES 2026

January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026 Throughout the week, Dolby brings to life the latest innovatio...

02/05/2026

Dalet Flex LTS Delivers Smarter Search, Faster Editing, and an AI-Ready Foundation for Modern Media

Dalet, a leading technology and service provider for media-rich organizations, t...

01/05/2026

NBCUniversal's Peacock to Be First Streamer to Integrate Dolby's Full Suite of Premium Picture and Sound Innovations

January 5 2026, 18:30 (PST) NBCUniversal's Peacock to Be First Streamer to ...

01/04/2026

DOLBY AND DOUYIN EMPOWER THE NEXT GENERATON OF CREATORS WITH DOLBY VISION

January 4 2026, 18:00 (PST) DOLBY AND DOUYIN EMPOWER THE NEXT GENERATON OF CREATORS WITH DOLBY VISION Douyin Users Can Now Create And Share Videos With Stun...

18/03/2026

Net Insight Names Larissa GrnerMeeus CPO

Newly named chief product officer (CPO), Larissa G rner Meeus will return to Net Insight on May 4. Larissa G rner Meeus will become CPO of Net Insight on May 4...

18/03/2026

SVG Europe's The Football Summit 2026: Select Sessions Now Available to Watch on SVG PLAY

SVG Europe's The Football Summit 2026 explored how the sports broadcasting i...

18/03/2026

SVG's SportsTech@NABShow Blog Goes Live as Countdown to Vegas Heats Up

The 2026 NAB Show kicks off one month from today and SVG is once again set to cover the show from every angle. SVG's SportsTech@NAB Show Blog is now live - ...

18/03/2026

The Premiere of Dead Lover Showcases Grave Robbing and Sex With a Giant Finger

(L-R) The cast and crew of Dead Lover at The Ray Theater for its premiere at the 2025 Sundance Film Festival. (Photo by Robin Marshall/Shutterstock for Sundan...

18/03/2026

Music Row Piano from Wiltone Productions

Yamaha C7 captured in Nashville Wiltone Productions have announced the release of Music Row Piano, a deeply sampled Yamaha C7 piano library that's been ...

18/03/2026

Techivation introduce T-Warmer Mk2

Bass-enhancement plug-in upgraded Along with a steady stream of new releases, Techivation have recently been revisiting some of the older plug-ins in their ...

18/03/2026

Tonal Balance Control 3 from iZotope

Mix-reference plug-in overhauled iZotope's powerful mix-referencing plug-in has just reached its third major version, and now boasts a new capture proce...

18/03/2026

Toontrack Transistor Organ EKX

Latest EZKeys 2 expansion arrives Toontrack's staggering collection of EZKeys 2 expansions has grown once again, and the latest instalment delivers a on...

18/03/2026

Jess Ho explores the politics of food in new SBS Audio podcast For The Culture

Jess Ho explores the politics of food in new SBS Audio podcast For The Culture 18 March, 2026 Media releases New SBS Audio podcast For The Culture, hosted ...

18/03/2026

Future-ready broadcasts with ATSC 3.0 and enhanced services from Rohde & Schwarz at NAB 2026

Future-ready broadcasts with ATSC 3.0 and enhanced services from Rohde & Schwarz...

18/03/2026

LCTWS 2026

London Calling - When The Industry Convened to Help Streaming Find its MoJo In this blog, Laura Rognoni reflects on key discussions from the Connected TV World...

18/03/2026

SMPTE Unveils 2026 NAB Show Educational Presentations

SMPTE Unveils 2026 NAB Show Educational Presentations Brie Clayton March 18, 2026 0 Comments SMPTE , the home of media professionals, technologists, a...

18/03/2026

Auditel Ad Campaign Shot on Blackmagic PYXIS 12K

Auditel Ad Campaign Shot on Blackmagic PYXIS 12K Brie Clayton March 18, 2026 0 Comments LED wall virtual production blends 12K open gate acquisition w...

18/03/2026