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By Christian Moess Laursen
Lagardere SA said Tuesday that revenue rose in the first quarter on strong growth in its travel retail segment.
The French media company said revenue rose to 1.675 billion euros ($1.83 billion) in the quarter from EUR1.30 billion in the comparable quarter in 2021. On a like-for-like basis, the quarterly revenue grew by 24%.
Revenue in its travel-retail segment increased 44% to EUR1.05 billion from EUR694.0 million a year prior, boosted by growth in international air traffic and the end of the so-called zero-Covid policy in China.
Revenue in its publishing segment rose to EUR570.0 million from EUR554.0 million.
Lagardere plans to publish its first-half result on July 25.
Write to Christian Moess Laursen at christian.moess@wsj.com
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