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MESSAGE FROM Arnaud Lagardère

2014 marked a decisive stage in the life of our Group. Our transformation plan continued to yield promising results and a robust financial position. Refocused on its four divisions, the Group is now well placed to achieve its growth and profitability targets.

Lagardère's strategy now centres on three drivers of value creation: content, audience and networks. Our exclusive, specific premium content is a key creative strength and an invaluable intangible asset. Powerful brands (Elle, Europe 1, Grasset, Relay, etc.) in each of our entities attract and enjoy qualified audiences on the strength of their ability to establish a strong emotional link. Our virtual (Doctissimo, LeGuide, etc.) and physical (Relay, etc.) networks also help to forge uniquely close ties with our customers. To best leverage our business model and business lines, we therefore rely on this exclusive relationship between the content offered by our brands and the audiences they attract on the strength of our networks.

The Group's operating margin widened to 4.8% in 2014 from 4.5% one year earlier. Group recurring operating profit of fully consolidated companies came in 4.7% higher at €342 million. This year also saw the recovery of Lagardère Unlimited, a business which I believe is positioned for future success. The Lagardère group also has a robust financial position, which allows us to maintain stable dividend payouts in step with our dynamic shareholder return policy.

This year in particular I would like to give my heartfelt thanks to all of the men and women at Lagardère, whose talent, commitment and professionalism are crucial to our growth over the long term.

And I would also like to thank you, dear shareholders, for your loyalty and your support.



Press releases


Lagardère Travel Retail sells its press distribution businesses in Belgium


Monthly information relating to the total number of voting rights and shares making up the share capital

The group's values

The Group has clear values that determine its personality. Lagardère's creativity, boldness and independence have helped to create a modern, innovative media group that's in touch with its times.

The group's activities

The Lagardère group is a global leader in content production and distribution whose powerful brands leverage its virtual and physical networks to attract and enjoy qualified audiences.
The Group's business model relies on creating a lasting and exclusive relationship between the content it offers and its customers.
It is structured around four business lines.

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Sustainable Development

Sustainable development is a shared responsibility within the Lagardère group.