Lagardere SA
F:LAG

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Lagardere SA Logo
Lagardere SA
F:LAG
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Price: 18.02 EUR 0.33% Market Closed
Market Cap: €2.5B

Lagardere SA
Investor Relations

Lagardere SA is a French group built around two main businesses: book publishing and travel retail. Through Hachette, it publishes and distributes books, including fiction, nonfiction, children’s books, textbooks, and digital formats. Through Lagardere Travel Retail, it runs bookstores, newsstands, convenience stores, and food outlets in airports, train stations, and other travel hubs. Its customers are readers, students, travelers, and the owners of the spaces where it operates, such as airports and rail operators. The company makes money by selling books and related content, earning royalties from authors and rights holders, and collecting sales from its retail locations. In travel retail, it often pays for the right to operate in a location and then earns from what passengers buy inside those sites. What makes Lagardere different is that it sits in two very different parts of the value chain. In publishing, it owns and markets intellectual property that can be sold in many formats and languages. In travel retail, it focuses on high-traffic, location-based retail where convenience matters more than brand loyalty, giving it a business that mixes long-lived content ownership with concession-based consumer sales.

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Last Earnings Call
Fiscal Period
Q3 2022
Call Date
Oct 27, 2022
AI Summary
Q3 2022

Revenue Growth: Group revenue for Q3 2022 reached EUR 1.9 billion, up 35.5% year-on-year, with like-for-like growth of 27.7%.

Travel Retail Recovery: Lagardère Travel Retail revenue soared 53.8% like-for-like, nearly reaching pre-pandemic levels thanks to strong summer travel demand.

Publishing Resilience: Lagardère Publishing grew 3.6% like-for-like, driven by bestsellers and international markets, though cost inflation is pressuring margins.

Outlook Slightly Improved: The group slightly raised its overall 2022 outlook, citing Travel Retail’s strong performance, though expects Publishing margins near 11% due to inflation.

Cost Control: Ongoing cost reduction efforts are expected to yield EUR 35 million in savings in 2022.

M&A Interest: Management confirmed interest in acquiring Simon & Schuster if it becomes available for sale.

Key Financials
Revenue
EUR 1.9 billion
Revenue (like-for-like, Q3)
up 27.7%
Revenue (first 9 months, like-for-like)
up 34.1%
Lagardère Publishing Revenue (like-for-like)
up 3.6%
Lagardère Publishing Revenue (reported)
up 12%
Lagardère Travel Retail Revenue (like-for-like)
up 53.8%
Other Activities Revenue (like-for-like)
down 1.3%
Publishing Operating Margin
close to 11%
Cost Savings
EUR 35 million
Flow-through
5% to 10%
Other Earnings Calls

Management

Mr. Arnaud Lagardere
Chairman & CEO
No Bio Available
Ms. Sophie Isabelle Etchandy-Stabile
CFO & Member of Management Board
No Bio Available
Ms. Sophie Castellan
Group Accounting Director
No Bio Available
Mr. Emmanuel Rapin
Head of Financing & Investor Relations and Group Treasurer
No Bio Available
Mr. Eric Thomas
General Counsel
No Bio Available
Mr. Ramzi Khiroun
Chief of External Relations Officer
No Bio Available
Jimmy Desmarais
Co-Managing Director of Lagardère Studios
No Bio Available
Ms. Constance Benque
Chair of Lagardere News
No Bio Available
Arjil Commanditée-Arco
Managing Partner
No Bio Available
Laure Rivière-Doumenc
Corporate Secretary
No Bio Available

Contacts

Address
ILE-DE-FRANCE
Paris
4 rue de Presbourg
Contacts
+33140691600.0
www.lagardere.com
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