France · Delayed Price · Currency is EUR Lagardere Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 2% like-for-like to EUR 4.5 billion, with EBITA at EUR 218 million and net debt reduced by over EUR 200 million. Publishing and Travel Retail showed resilience despite market headwinds, while Prisma Media and Lagardère Live benefited from restructuring and cost discipline.
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The meeting highlighted strong financial growth, robust cash flow, and reduced debt, with all resolutions—including dividend, auditor changes, and remuneration—approved by over 99%. Strategic initiatives include the OnScreen joint venture and continued investment in Travel Retail, while governance and CSR practices were reinforced.
Fiscal Year 2025
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Revenue grew 4% to €9.6bn in 2025, with record EBIT and strong cash flow. Publishing and travel retail drove growth, while Prisma Media faced headwinds but is restructuring for profitability. Deleveraging and disciplined investment remain top priorities.
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Record first-half EBITDA and revenue growth were driven by strong publishing and travel retail, with net debt reduced below €2B. Outlook remains positive, though FX and digital shifts present challenges.
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Record 2024 results featured 8.5% revenue growth, strong cash generation, and significant debt reduction. All 37 resolutions, including a 3% dividend increase and new board appointments, were approved by large majorities. Strategic focus remains on international expansion, multimedia, and sustainability.
Fiscal Year 2024
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Record 2024 results with revenue up 11% and EBIT at historic highs, driven by strong publishing and travel retail. Net debt fell by €188 million, and digital publishing and travel retail showed robust growth. Confident outlook for 2025 with continued focus on investment, dividends, and deleveraging.
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Revenue and recurring EBIT reached record highs in H1 2024, driven by strong growth in Travel Retail and Publishing. Cash flow and margins improved, with a focus on debt reduction and cautious outlook for H2 amid economic uncertainty.