Third-quarter 2024 revenue

Solid growth in Group revenue over the first nine months of 2024 (up 9.1%¹)
Third-quarter revenue up 7.4%², driven mainly by momentum at Lagardère Travel Retail

Lagardère Publishing

Revenue growth of 2.8%¹ since the beginning of the year
Third-quarter revenue stable at €765 million,
supported by the performance in the United States

Lagardère Travel Retail

Activity up 12.8%¹ over the first nine months of the year
with excellent third-quarter revenue growth of 11.7%²
on the back of robust activity in France and the EMEA region

Other Activities

Revenue stable since the beginning of the year,
advancing slightly in the third quarter (up 1.1%²)
and driven by growth in the Group’s News segment

Arnaud Lagardère, Chairman and Chief Executive Officer of Lagardère SA, commented: “In the third quarter of 2024, the Lagardère group posted solid growth of 7.4%. Lagardère Travel Retail hit a new milestone with record quarterly revenue amid geopolitical tensions. Lagardère Publishing maintained a high level of revenue, lifted especially by a standout performance in the United States. The Group’s Other Activities were driven by good momentum in the News segment. Over the first nine months of 2024, the Group posted eye-catching year-on-year growth of €696 million. This upward growth trajectory speaks to Lagardère’s strength and ambition in pursuing its development.”   

REVENUE

Revenue for the Lagardère group totalled €6,610 million for the first nine months of 2024, up 11.8% as reported and up 9.1% like for like. The difference between reported and like-for-like data is primarily attributable to a €146 million positive scope effect linked mainly to the acquisition of Tastes on the Fly in November 2023.

Third-quarter 2024 revenue came in at €2,417 million, up 9.2% as reported and up 7.4% like for like. The difference between reported and like-for-like data is mainly attributable to a €39 million positive scope effect.

Unless otherwise specified, the changes presented below for third-quarter 2024 are calculated on a like-for-like basis

¹ Versus 2023 on a like-for-like basis.
² Versus Q3 2023 on a like-for-like basis (see glossary for definition).

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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 Dining) and Lagardère News (Le Journal du Dimanche, JDNews 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.