News


Lagardère Active boosted by TV production

TV production boosted the top line performance of Lagardère Active, the French media group’s magazine and TV arm, in the first quarter, contributing to a 2.8% like-for-like increase in revenues to €204 million.

TV production revenues rose by 82% year-on-year for the quarter , thanks to an exceptionally weak performance in 2014 and the positive impact this year of phasing of delivery of programmes.

Lagardère Active’s top line was pulled down by a dip in magazine revenues, dragged 5.1% lower by distribution problems and lower advertising revenue, which stronger digital sales failed to offset.

Lagardère Active’s gross sales rose by 1.1%, with the gap between that figure and the like-for-like number attributable to the impact of the sale of 10 magazine titles in July last year, partially offset by the integration of channel Gulli.

Overall, Lagardère posted revenues of €1.572 billion for the quarter, up 6% on a like-for-like basis.