Lagardere SA

MMB

Equity

ISIN FR0000130213 / Valor 24495

Euronext - Euronext Paris (2024-11-21)

EUR 21.00+0.72%

Lagardere SA
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About company

Lagardere SA is an international group with operations in over 40 countries, employing around 31,300 people and generating significant revenue. The Group is primarily structured around two divisions, one of which includes Grupo Anaya, a subsidiary of Hachette Livre in Spain, which has recently launched two new publishing houses focused on young adult fantasy romance and children's books on social issues. Additionally, Lagardere Travel Retail is a key component of the Group's operations.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Growth

Lagardere SA reported significant revenue growth for the first half of 2024, with total revenue reaching €4,193 million. This represents a 10.1% increase on a like-for-like basis compared to the same period in 2023. The growth was driven by strong performances across its main divisions, particularly in Lagardere Publishing and Lagardere Travel Retail.

Record Recurring EBIT

For the first half of 2024, Lagardere SA achieved a record recurring EBIT of €212 million, up by €71 million from the previous year. This improvement was attributed to robust business growth and effective cost management across its divisions. The operating margin also improved, rising from 3.8% in H1 2023 to 5.1% in H1 2024.

Free Cash Flow

Lagardere SA's free cash flow saw a significant improvement in the first half of 2024, reaching €35 million compared to a negative free cash flow of €88 million in the same period of 2023. This positive change was mainly driven by higher cash flow from operations and better working capital management.

Publishing Division Performance

Lagardere Publishing reported solid growth in revenue, up 4.5% on a like-for-like basis, and an excellent level of recurring EBIT, which increased by €48 million. The division's performance was bolstered by strong sales in the UK and the US, particularly in the General Literature and Illustrated Books segments.

Travel Retail Division Performance

Lagardere Travel Retail experienced significant revenue growth of 13.5% on a like-for-like basis, driven by strong performances in the EMEA region and North America. The division achieved a record-high recurring EBIT, up by €17 million, supported by improved activity levels and effective margin control amid an inflationary environment.

Summarized from source with an LLMView Source

Key figures

12.3%1Y

-8.14%3Y

5.37%5Y

Performance

19.7%1Y

25.9%3Y

39.6%5Y

Volatility