Third-quarter 2017 revenue Revenue for Q3 2017: 1,852 million, up 2.2% like-for-like(1)/(2)
Lagard re confirms its recurring EBIT growth target(2) for 2017 at between 5% and 8%(3)
Download the press release
Access the audiocast
After a solid first-half performance, the Lagard re group continued its like-for-like growth momentum, buoyed by good results at Lagard re Travel Retail.
Revenue for the Group in the third quarter of 2017 came to 1,852 million, up 2.2% like-for-like and down 6.3% on a consolidated basis. The difference between like-for-like and consolidated figures is primarily attributable to the divestment of Press Distribution operations by Lagard re Travel Retail. Changes in foreign exchange rates over the period, are chiefly linked to the US dollar and pound sterling.
By division (like-for-like basis):
Lagard re Publishing: revenue was down 2.1%, as expected, primarily linked to the success of Harry Potter and the Cursed Child in third-quarter 2016. However, Education posted a good performance, driven by curricular reform in France.
Lagard re Travel Retail: continued business growth (up 7.9%), buoyed by the extension of networks and by the rise in passenger traffic, especially in the EMEA region.
Lagard re Active: revenue was down 2.1% due to Press and Radio activities that followed the market s downward trend. However, Press circulation turned in a good performance and TV operations rallied.
Lagard re Sports and Entertainment: the 8.0% decline in revenue was mainly the result of the sporting calendar.
At 30 September 2017:
Revenue for the first nine months of 2017 totalled 5,158 million, up 4.2% like-for-like and down 4.6% on a consolidated basis.
The difference between like-for-like and consolidated figures is essentially related to the divestment of Press Distribution operations by Lagard re Travel Retail, which was partly offset by acquisitions at Lagard re Publishing.
Changes in foreign exchange rates are primarily linked to the depreciation of the pound sterling.
Over the first nine months of the year, revenue growth was powered by good performances at Lagard re Travel Retail and Lagard re Publishing and by a favourable calendar effect at Lagard re Sports and Entertainment.
I- REVENUE AND ACTIVITY BY DIVISION
Lagard re Publishing
Revenue at 30 September 2017 came in at 1,665 million, up 1.5% like-for-like (up 1.2% on a consolidated basis). The difference between these two figures reflects a 27 million positive scope impact resulting mainly from the acquisitions of Perseus, Brainbow, Bookouture and IsCool Entertainment, and a 31 million negative foreign exchange effect, relating chiefly to the depreciation of the pound sterling.
Over the first nine months of the year, the activity delivered a good performance in Partworks (up 9.3%) and in the United States (up 2.2%). This offset lacklustre activity in the United Kingdom resulting from an unfavourable comparison effect linked to the huge success of Harry Potter and the Cursed Child, which was published in third-quarter 2016.
Third-quarter 2017:
At 646 million for the quarter, revenue declined as expected, hit by an unfavourable comparison effect (down 2.1% like-for-like and down 4.3% on a consolidated basis). The difference between like-for-like and consolidated figures chiefly reflects a 2 million positive scope impact and a 17 million negative foreign exchange effect.
The figures below are presented on a like-for-like basis.
In France (up 6.0%), revenue was mainly driven by educational publishers successful implementation of the second year of curricular reform (particularly in the middle school segment). General Literature was boosted by a strong performance from Livre de Poche paperbacks over the summer, and by the success of Laetitia Colombani s La tresse (Grasset) and Erik Orsenna s La Fontaine : une cole buissonni re (Stock).
In the United States, the 2.8% drop in revenue reflects a lighter release schedule. Perseus s good results failed to offset the unfavourable comparison effect resulting from the strong third-quarter 2016 performance, which had been boosted by the success of new titles such as Nicholas Sparks Two by Two and James Patterson s Woman of God.
The United Kingdom saw a significant fall in revenue as expected, down 13.5% owing to an unfavourable comparison effect, with third-quarter 2016 having been boosted by the success of Harry Potter and the Cursed Child. Adult Trade turned in a strong performance thanks to releases including Martina Cole s Damaged and four new Famous Five titles.
As expected, revenue was down in the Spain/Latin America region, retreating 11.5% on the back of an unfavourable comparison effect linked to curricular reform in third-quarter 2016.
Partworks delivered bullish growth (up 12.1%), led by a record number of new titles in July and August and by a good backlist performance, especially in Japan and Spain.
E-books accounted for 7.2% of total Lagard re Publishing revenue in third-quarter 2017, versus 6.8% in third-quarter 2016.
Lagard re Travel Retail
Revenue for the division totalled 2,545 million at 30 September 2017, up 8.6% like-for-like (down 8.6% on a consolidated basis). The difference between like-for-like and consolidated figures results from an 11 million positive foreign exchange effect linked primarily to a rise in the Polish zloty, Australian dollar and Icelandic krona, and from a 450 million negative scope impact, breaking down as:
a 464 million negative impact from deconsolidations, essentially Press Distribution operations in Belgium, Hungary, Spain and Canada;
a 14 million positive impact from acquisitions, relating mainly to the consolidation of Duty Free operations in Poland (Warsaw Modlin airport) and Estonia.
Third-quarter 2017:
Revenue for the division totalled 917 millio
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...
08/05/2024
zweiB updates to latest version of R&S CLIPSTER Specialist in deliverables for cinema, events and trade shows
Rohde & Schwarz, a global leader in broadcast...
07/05/2024
There's something special about summer. We're not sure whether it's the warmer weather, the longer days, or something else a bit more magical, but s...
07/05/2024
NITV appoints Michael Rennie as Presenter and Senior Producer for NITV News
Media releases
NITV has announced the appointment of Michael Rennie as Presenter...
07/05/2024
The ability for line-of-site tactical voice and data networks to seamlessly traverse over Satellite Communications is an emerging requirement to assure warfight...
07/05/2024
On April 5, 2024, the L3Harris Avionics Products Repair Station (NN2R037L) in Gr...
07/05/2024
eds3_5_jq(document).ready(function($) { $(#eds_sliderM519).chameleonSlider_2_1({ content_source:......
07/05/2024
Share this article
width=32 height=32 loading=lazy data-lazy-src=https://apogeedigital.com/app/themes/juniper-theme/src/img/icons/facebook-purple.svg />
wid...
07/05/2024
BURBANK, Calif. The Walt Disney Company has finally delivered some from profits from its hefty streaming investments, with the second quarter of its fiscal year...
07/05/2024
Bonnie Hammer, vice chair of NBCUniversal, and Jen Psaki, MSNBC host, read from their new books at the 92nd Street Y in Manhattan Wednesday, May 8. Hammer's...
07/05/2024
Paramount Plus has ordered the series Crutch, a comedy that is a spinoff of CBS comedy The Neighborhood. Tracy Morgan stars....
07/05/2024
Edward J. and Melody Thomas Scott and Lidia Bastianich will receive Lifetime Achievement honors at the 51st annual Daytime Emmy Awards in June, the National Aca...
07/05/2024
The 2024 Giants of Broadcasting & Electronic Arts luncheon and awards ceremony happens in New York November 12, and the honorees are Al Roker, weather and featu...
07/05/2024
Dabl Network has added The Wayans Bros., The Jamie Foxx Show, Living Single and Everybody Hates Chris to its weekday and weekend lineups. Those shows join the l...
07/05/2024
After winning a proxy fight, The Walt Disney Co. said its entertainment business turned a profit and added subscribers in its fiscal second quarter....
07/05/2024
NBA Entertainment is closing out the second season of its series Pass the Rock with a look at Victor Wembanyama of the San Antonio Spurs, the league's rooki...
07/05/2024
Syncbak, which provides stations with streaming capabilities, said it is rebranding as Zeam Media....
07/05/2024
Samsung has made a deal with Magnolia Pictures that will bring titles from Magnolia to the Samsung TV Plus free streaming platform....
07/05/2024
Amazon, which has added commercials to Amazon Prime Video, is rolling out new interactive ad formats that will enable advertisers to engage streamers and sell s...
07/05/2024
Syncbak, a 15 year-old provider of streaming tech for local broadcast stations has rebranded itself, adopting the name of its streaming service launched in Febr...
07/05/2024
POST Luxembourgs journey with TAG Video underscores how finding a vendor who und...
07/05/2024
PORTSMOUTH, N.H. New findings from Hub Entertainment Research provides extensive data showing that the majority of consumers will opt for lower cost ad-supporte...
07/05/2024
NEW YORK The Library of American Broadcasting Foundation (LABF) has announced th...
07/05/2024
CBS News has named Lindsey Reiser an anchor and correspondent for CBS News 24/7, the network's live, streaming news service. Reiser, who was most recently a...
07/05/2024
NEEDHAM, Mass. After more than two years of decline, worldwide tablet shipments posted modest year-over-year growth of 0.5% in the first quarter of 2024 (1Q24),...
07/05/2024
ESPN is reporting that April was a record-setting month as the network delivered its best April prime time audience on record, dating back more than 30 years....
07/05/2024
WASHINGTON, D.C. The National Association of Broadcasters (NAB) has announced that Kirsten Donaldson has joined NAB as vice president of public policy. Donaldso...
07/05/2024
The Bulls are back home again this week from May 7-12! Don't miss out on any...
07/05/2024
SVG Sit-Down: AWS's Julie Souza on the Cloud and AI in Broadcast-Content Cre...
07/05/2024
Deloitte Analysts Peter Giorgio and Michael Vovk: Sports Properties Need To Reth...
07/05/2024
University of Texas' Jeff Hanel to Keynote 16th-Annual SVG College Summit Industry vet to discuss uniting live and creative in athletic department media arm...
07/05/2024
Premier League trials RefCam during Crystal Palace v Manchester United fixture By George Bevir
Tuesday, May 7, 2024 - 09:34
Print This Story
In a Premier ...
07/05/2024
CBS Sports Previews PGA Championship Plans; 125+ Cameras Include FlyCams, Bunker...
07/05/2024
Rohde & Schwarz brings cutting-edge solutions to TECNOSEC and DRONExpo 2024 Rohde & Schwarz will showcase its innovative portfolio at TECNOSEC and DRONExpo 20...
07/05/2024
Back to All News
Five New Games Join Netflix in May
Netflix Staff
Entertainment
07 May 2024
Global
Link copied to clipboard
Five new games are launching ...
07/05/2024
Back to All News
Top 10 Week of Apr. 29: Baby Reindeer' Holds Strong; Hee...
07/05/2024
Home News & Press Blancco Wins 2024 SEAL Business Sustainability Award
Blancco Wins 2024 SEAL Business Sustainability Award May 07, 2024
Blancco's v...
07/05/2024
CUPERTINO, CALIFORNIA Apple today unveiled the all-new Logic Pro for iPad 2 and Logic Pro for Mac 11, delivering breakthrough professional experiences for songw...
07/05/2024
Apple's new Privacy Manifest requirement mandates that apps explicitly disclose the privacy-related data they collect, the purposes for this collection, and...
07/05/2024
Taylor Swift's Eras Tour arrives to shake up EuropeHaving shaken four continents, Taylor Swift's Eras Tour finally brings the biggest pop culture icon o...
07/05/2024
Isiphetho: Destiny' beats Scandal!'E.tv's latest telenovela Isiphetho: Destiny' beat the channel's longest running soapie, Scandal!' ...
07/05/2024
Now there's HELP for ex-prisoners to find work in South AfricaNew initiative for ex-prisoners to find work in South Africa proves it's never too late fo...
07/05/2024
Tonight on Scandal: Cohen is pulled into keeping a secretDon't miss Tuesday, 7 May's riveting episode of South African soapie Scandal! on e.tv on DStv c...
07/05/2024
Skeem Saam: Monday's episode, 6 May 2024 [video]Missed an episode of Skeem Saam? No problem! Watch the latest episode of your favourite South African soapie...
06/05/2024
By Ilyse McKimmie
Now, more than ever
That's a phrase so often used in the last few years that I've come to dread seeing it in notes like this one. A...
06/05/2024
alt= class=wp-image-12099 data-lazy-src=/wp-content/uploads/2024/05/Blog-Exabyte-Storage-Demand-960x540-1.jpg/> Demand for storage solutions has reached unprece...
06/05/2024
Around the world, Asian and Pacific Islander (API) artists continue to impact mu...
06/05/2024
Spotify is making it easier for booklovers to count down the days, hours, minutes, and seconds until a new audiobook releases. With Countdown Pages for audioboo...
Third-quarter 2017 revenue Revenue for Q3 2017: 1,852 million, up 2.2% like-for-like(1)/(2)
