First-quarter 2022 revenue
Corporate & other activities, Finance
Paris, 26 April 2022, 8:00 a.m.
Robust growth in Lagardère group revenue (up 38%1)
driven by fast-paced recovery at Lagardère Travel Retail
Lagardère Publishing: slight increase in revenue (up 1.4%1) versus a historically high
Lagardère Travel Retail: sales almost doubled (up 96.8%1) due to a recovery in European
passenger traffic and continued momentum in North America
Other Activities: revenue growth (up 5.1%1)
driven by a resilient performance from the Press segment and the reopening of venues
Revenue for the Lagardère group climbed sharply over the first three months of 2022 to €1,304 million, up 44.0% on a reported basis and up 38.0% like for like. The difference between reported and like-for-like revenue is attributable to a €40 million positive currency effect chiefly resulting from the appreciation of the US dollar, and to a €20 million positive scope effect, mainly in connection with the acquisition of Workman Publishing.
* Lagardère News (Paris Match, Le Journal du Dimanche, Europe 1, Virgin Radio, RFM and the Elle brand licence), the Entertainment businesses, and the Group Corporate function.
1Like for like basis.
Created in 1992, Lagardère is an international group with operations in more than 40 countries worldwide. It employs some 27,000 people and generated revenue of €5,130 million in 2021. The Group is structured around two priority divisions: Lagardère Publishing (Book and e-Publishing, Board Games and Mobile Games) and Lagardère Travel Retail (Travel Essentials, Duty Free & Fashion, Foodservice).
The Group’s operating assets also include Lagardère News and Lagardère Live Entertainment.
Lagardère shares are listed on Euronext Paris.
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.
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