Edition:
United Kingdom

Lagardere FY Recurring EBIT Up By 2.1 Pct At EUR 401 Million


Wednesday, 13 Mar 2019 

March 13 (Reuters) - LAGARDERE SCA ::LAGARDÈRE: RISE IN GROUP RECURRING EBIT(1): UP 2.1%(2) TO €401 MILLION.PROPOSED ORDINARY DIVIDEND STABLE AT EUR 1.30 PER SHARE.GROUP ALSO ENTERED INTO EXCLUSIVE NEGOTIATIONS FOR SALE OF TV CHANNELS (EXCLUDING MEZZO) IN JANUARY 2019..2019 GROUP RECURRING EBIT GROWTH TARGET BASED ON TARGET SCOPE OF BETWEEN 4% AND 6%.COMPLETED TWELVE DISPOSALS SINCE MID-2018, OF THE NON-FRENCH RADIO OPERATIONS, THE MAIN DIGITAL ASSETS (INCLUDING E-HEALTH), THE INTEREST IN MARIE CLAIRE AND MOST OF THE MAGAZINE PUBLISHING TITLES IN FRANCE..2018 GROUP RECURRING EBIT CAME IN AT EUR 401 MILLION VERSUS EUR 399 MILLION IN 2017.2018 PROFIT - GROUP SHARE MADE GOOD GAINS, UP TO EUR 194 MILLION FROM EUR 176 MILLION IN 2017.2018 REVENUE TOTALLED EUR 7,258 MILLION, UP 2.5% ON A CONSOLIDATED BASIS AND UP 3.3% LIKE-FOR-LIKE.