My Account Menu

CAPA Login

Register to trial CAPA Membership!

Lagardere upgrades 2010 operating profit forecast


French media group Lagardere, whose businesses include airport retail, book and magazine publishing and sports-rights management, has raised its 2010 operating profit expectation, citing a better-than-expected recovery in advertising markets.

Lagardere owns a 7.5% share of European aerospace company EADS, but is not expecting a sale of the EADS stake until 2012.

Despite the upgrade, Lagardere's shares fell 3.3% yesterday.

Selected airport suppliers' shares performance: 25-Jan-2011

Airport Suppliers

Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.