Lagardère Sports and Entertainment: €438m in turnover in 2018 (-4.1% like-for-like)

Lagardère Sports & Entertainment announced a turnover of €438m for the fiscal year 2018, "down 4.1% like-for-like and down 3.6% on a consolidated basis," said Lagardère on 07/02/2019. Lagardère Sports & Entertainment announced a turnover of €496m for the fiscal year 2017, down 3.4% like-for-like.

"As expected, 2018 marked the lowest point of the four-year sporting events cycle and the decrease in revenue is primarily linked to an unfavourable calendar effect, with the non-occurrence of the 2017 Total Africa Cup of Nations and the 2017 Asian qualifiers for the 2018 FIFA World Cup. This was partially offset by good performances from the Olympics division and from Football activities in Europe," explained Lagardère group which launched the sales process for its Sports & Entertainment division, on 08/11/2018.

"Fourth-quarter revenue totaled €135m, up 0.9% like-for-like and up 5.1% on a consolidated basis," said Lagardère.

Lagardère Sports and Entertainment generates 6% of the total turnover of Lagardère group in 2018