First-Half 2025 results

Lagardère group:
Solid first-half results
(revenue up 3%¹ and recurring EBIT up 6%²)
lifted by the complementarity and strong performance of all businesses
Deleveraging continues apace

Lagardère Publishing
Revenue up 1%¹
thanks especially to the English language business and diversification
Solid recurring EBIT of €106 million
close to the record level achieved in first-half 2024

Lagardère Travel Retail
Strong 4% growth in revenue¹,
driven by business in Europe and solid performances in North America
Record recurring EBIT of €118 million, up 8%

Lagardère Live (formerly Other Activities)
Revenue up 3%¹
and sharp reduction in losses thanks to cost savings

Arnaud Lagardère, Chairman and Chief Executive Officer of Lagardère SA, commented: “In the first half of 2025, the Lagardère group posted solid growth. All the Group’s businesses contributed to generating a new all-time high recurring EBIT of€225 million. Lagardère Publishing has confirmed its leading positions, with growth driven in particular by several English language bestsellers, and by our successful expansion in Board Games. Lagardère Travel Retail saw sustained revenue growth and record recurring EBIT. Lastly, Lagardère Live – the new name given to the former Other Activities segment – maintained its recovery, with a sharp improvement in recurring EBIT, thanks in particular to continued growth in audience figures at Europe 1 and rigorous cost discipline. The Group is continuing to reduce its debt, backed once again by very strong cash generation in the first half.”  

¹ Like for like.

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Created in 1992, Lagardère is an international group with operations in more than 45 countries worldwide. It employs over
33,000 people and generated revenue of €8,942 million in 2024.
The Group focuses on two main divisions: Lagardère Publishing (Books, Partworks, Board Games and Premium Stationery) and Lagardère Travel Retail (Travel Essentials, Duty Free & Fashion, Dining).
The Group’s business scope also comprises Lagardère Live, which includes Lagardère News (Le Journal du Dimanche, Le JDNews, Le JDMag and the Elle brand licence), Lagardère Radio (Europe 1, Europe 2, RFM and advertising sales brokerage, controlled by Arnaud Lagardère but whose capital is wholly owned by the Group and consolidated in its financial statements), Lagardère Live Entertainment (venue management, production of concerts and shows, hosting and local promotional services) and Lagardère Paris Racing (sports club).
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 are rather statements of future expectations, estimates, plans, objectives, future events 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. No undue reliance should be placed on such forward-looking statements, which by nature involve known and unknown risks and uncertainties that could cause future results, performance or achievements 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 to reflect new information, circumstances, future events or otherwise, except as required by applicable laws and regulations. Consequently, Lagardère SA accepts no liability for any consequences arising from the use of any of the above statements. This press release does not constitute a solicitation to buy or sell Lagardère shares or, more generally, to trade in Lagardère shares.