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First-quarter 2024 revenue


Corporate & other activities, Finance

Paris, April 25, 2024

Solid growth in Lagardère group revenue (up 8.9%1), lifted by another good performance from Lagardère Travel Retail

Lagardère Publishing

Continued robust level of activity (up 0.8%1) thanks to growth in the United States and United Kingdom

Lagardère Travel Retail

Amid a return to normal for global air traffic, revenue up by 13.6%1 driven by favourable business momentum

in the EMEA region and the Americas, and despite a contraction in North Asia

Other Activities

Stable activity levels (up 0.1%1) driven by strong attendance in entertainment venues

Arnaud Lagardère, Chairman and Chief Executive Officer of Lagardère SA,commented:“In the first quarter of 2024, the Lagardère group recorded growth of 8.9%, illustrating the solid performance of our divisions at the start of the year. With global air traffic having returned to pre-pandemic levels, Lagardère Travel Retail delivered an increase in revenue in the majority of its operating regions, confirming its growth model. At the same time and in a softer market, Lagardère Publishing is maintaining record levels of activity, confirming the strength of its strategic model, thanks in particular to the success of bestsellers in the United Kingdom and the United States. Lastly, Other Activities continue to be driven by the momentum of our entertainment venues and a revival in audience figures for Europe 1.”

Revenue for the Lagardère group totalled €1,883 million for the first three months of 2024, up 12.4% as reported and up 8.9% like for like. The difference between reported and like-for-like data is attributable to a €60 million positive scope effect, mainly due to the acquisition by Lagardère Travel Retail of Tastes on the Fly (United States), Marché International (Germany) and Costa Coffee (Poland), as well as a €5 million negative currency effect mainly related to the depreciation of the US dollar and Chinese yuan.

1 Versus 2023 on a like-for-like basis.

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Created in 1992, Lagardère is an international group with operations in more than 40 countries worldwide. It employs some 31,300 people and generated revenue of €8,081 million in 2023.
The Group focuses on three divisions: Lagardère Publishing (Books, E-Books, Partworks, Stationery, Board Games and Mobile Games), Lagardère Travel Retail (Travel Essentials, Duty Free & Fashion and Foodservice) and Lagardère News (Paris Match, Le Journal du Dimanche, JDD Magazine, and the Elle brand licence).
The Group’s operating assets also include Lagardère Live Entertainment and Lagardère Paris Racing. Its consolidated financial statements also include Lagardère Radio SCA, which is wholly owned, and its subsidiaries (Europe 1, Europe 2 and RFM) controlled by Arnaud Lagardère.
Lagardère shares are listed on Euronext Paris.

Important notice:
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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