4.1 Lagardère group business model
Section 1.4 of this Universal Registration Document provides detailed information on the Group’s strategy, business lines and model, key figures, markets, and more.
The Lagardère group’s overarching objective is to develop the loyalty of its audiences and consumers worldwide through powerful brands that deliver content publishing, production, broadcasting and distribution. The key features of this integrated model of value creation are presented in the chart below.
Business model
| Inputs and resources(1) | ||
|---|---|---|
| Human capital 34,691 employees 44% of women executives 43% of managers and executives with more than ten years’ service |
Financial capital €502 million in business investment €2,163 million in available liquidity Leverage ratio(2) of 2.1 |
Environmental and societal capital 319 GWh tertiary power consumption(3) 153 kilotons of paper purchased and supplied 14,203 audiobooks available in the Lagardère Publishing catalogue at year-end |
| Businesses ​Lagardère is an international group with operations in more than 40 countries worldwide. It ranks among the world leaders in publishing (Lagardère Publishing) and travel retail (Lagardère Travel Retail). |
||
| Lagardère Publishing Books e-Books Mobile Games and Board Games |
Lagardère Travel Retail Travel Essentials Duty Free & Fashion Foodservice |
Other Activities(4) |
| Value creation(1) | ||
| Employee value 15,142 permanent recruitments 291,994 training hours Group-wide 36% of employees with a portion of variable remuneration 70% of workforce with employee representation |
Financial value €7,211 million in revenue €378 million in recurring operating profit of fully consolidated companies €294 million in free cash flow €1.00 per-share dividend(5) |
Societal and economic value 97% of paper purchased and supplied certified or recycled 15.6 tCO2eq of emissions per €m of revenue Lagardère features in six ESG indices |
(1) Data at 31 December 2019.
(2) Leverage ratio: Net debt/recurring EBITDA.
(3) Oil, gas, electricity and district heating.
(4) Mainly comprising Lagardère News (Paris Match, Le Journal du Dimanche, Europe 1, Virgin Radio, RFM and the Elle brand licence) together with Lagardère Live Entertainment.
(5) Dividend submitted for approval to the General Meeting to be held on 5 May 2020.
Items appearing in the Annual Financial Report are cross‑referenced with the following symbol AFR
Workforce by geographic area at 31 December 2019
FRANCE
Lagardère Publishing 2 458
Lagardère Travel Retail 4 550
Lagardère News 830
Lagardère Live Entertainment 68
Other Activities 300
Assets pending disposal at Lagardère Active 172
Lagardère Sports 199
Total 8 577
EUROPE (EXCLUDING FRANCE
Lagardère Publishing 2 535
Lagardère Travel Retail 6 622
Assets pending disposal at Lagardère Active 291
Lagardère Sports 623
Total 10 071
AMERICAS
Lagardère Publishing 1 669
Lagardère Travel Retail 10 845
Lagardère Sports 181
Total 12 695
ASIA-PACIFIC
Lagardère Publishing 142
Lagardère Travel Retail 2 841
Lagardère Sports 189
Total 3 172
AFRICA
Lagardère Publishing 75
Lagardère Travel Retail 101
Total 176