First-Half 2024 results

Lagardère group continues on its growth dynamic

Double-digit growth in Group revenue (up 10.1%¹)
and record recurring EBIT of €212 million (+€71 million, up 50.3%²)

Improved performances across all Group businesses

Lagardère Publishing
Revenue climbed to €1,309 million (up 4.5%¹)
Record high level of recurring EBIT (up €48 million)
and profitability up to 8.7%¹ (versus 5.2% in first-half 2023), lifted by excellent performances
in the United Kingdom and the United States

Lagardère Travel Retail
Revenue up sharply to €2,748 million (up 13.5%¹)
and record recurring EBIT of €109 million driven by the EMEA region and North America

Other Activities
Good momentum for Lagardère Live Entertainment
Rebound at Lagardère Radio on the back of higher audiences at Europe 1

Arnaud Lagardère, Chairman and Chief Executive Officer of Lagardère SAcommented: “In the first half of 2024, the Lagardère group continued on its uninterrupted growth trajectory, driven by improved performances across all its businesses. Lagardère Publishing achieved record-high recurring EBIT – up by €48 million – lifted especially by remarkable performances in the United States and the United Kingdom. Lagardère Travel Retail continued on the growth path, driven notably by growth momentum in air traffic in France and the EMEA region, with recurring EBIT also reaching record levels. Other Activities benefited from good momentum at Lagardère Live Entertainment and Lagardère Radio, with audience figures for Europe 1 continuing to grow despite a sluggish market. These positive sequential results confirm the relevance and success of our strategic model.”

1 Versus 2023 on a like-for-like basis.
2 Versus 2023 on a reported basis.

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Created in 1992, Lagardère is an international group with operations in more than 40 countries worldwide. It employs some 31,300 people and generated revenue of €8,081 million in 2023.
The Group focuses on three divisions: Lagardère Publishing (Books, E-Books, Partworks, Stationery, Board Games and Mobile Games), Lagardère Travel Retail (Travel Essentials, Duty Free & Fashion and Foodservice) and Lagardère News (Paris Match, Le Journal du Dimanche, and the Elle brand licence).
The Group’s operating assets also include Lagardère Live Entertainment and Lagardère Paris Racing. Its consolidated financial statements also include Lagardère Radio SCA, which is wholly owned, and its subsidiaries (Europe 1, Europe 2 and RFM) controlled by Arnaud Lagardère.
Lagardère shares are listed on Euronext Paris.
www.lagardere.com

Important notice:
Some of the statements contained in this document are not historical facts but rather are statements of future expectations and other forward-looking statements that are based on management’s beliefs. These statements reflect such views and assumptions prevailing as of the date of the statements and involve known and unknown risks and uncertainties that could cause future results, performance or future events to differ materially from those expressed or implied in such statements.
Please refer to the most recent Universal Registration Document filed in French by Lagardère SA with the Autorité des marchés financiers for additional information in relation to such factors, risks and uncertainties.
Lagardère SA has no intention and is under no obligation to update or review the forward-looking statements referred to above. Consequently, Lagardère SA accepts no liability for any consequences arising from the use of any of the above statements.