Lagardere SA, the renowned French travel and publishing company, released its first-quarter revenue report on Thursday. The report revealed that the company's revenues had surged by 12.4%, from 1.68 billion euros last year to 1.88 billion euros this year. Moreover, the sales displayed an impressive growth of 8.9% on a like-for-like basis.
At the year's start, the company reported a sturdy performance across all its divisions. Lagardere Publishing saw its revenues grow by 1.1% from the previous year, amounting to 576 million euros. Contrarily, Lagardere Travel Retail revenues witnessed an even larger increase of 18.7%, totaling at 1.24 billion euros.
Arnaud Lagardere, the Chairman and Chief Executive Officer of Lagardere, shared his thoughts on the company's robust first-quarter growth. He said, "In 2024's first quarter, the Lagardere group reported an 8.9 percent growth, illustrating a commendable performance by our divisions. Subsequent to the resumption of global air traffic at pre-pandemic levels, Lagardere Travel Retail observed a rise in revenue in the majority of its operating regions, endorsing its growth model."
On the trading front, Lagardere stocks within Paris had a value of 20.70 euros, marking an increase of 0.98%.
