Lagardère SCA Announces 2011 First-Half Results
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- Lagardère Services - Net sales of €1,804m, up 5.4% on a reported basis and 2.1% on a like-forlike basis.
- Growth was driven by Retail activities (72% of total net sales), which rose by 4.4%(5). Distribution (28% of total net sales) continued to decline (-3.4% (On a like‐for‐like basis.)).
Note the acceleration in second-quarter growth, due to both a favourable basis of comparison (impact of the Icelandic volcano in the second quarter of 2010) and to progress in the development policy (tenders won and acquisitions) and successful marketing initiatives (new concepts, product mix diversification).
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- Stephenie Meyer
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