Third-Quarter 2021 revenue
Corporate & other activities, Finance
Paris, 28 October 2021, 8:00 a.m.
The Lagardère group steps up the pace of its recovery and confirms its development ambitions
Lagardère Publishing: revenue growth of 9.5%1 over the first nine months of the year and acquisition of Workman Publishing
Lagardère Travel Retail: continued improvement in sales (up 17.4%)1 driven by growth in passenger traffic in most geographic areas and strategic partnership concluded in North Asia
Revenue for the Lagardère group came in at €3,539 million in the first nine months of 2021, up 8% on a reported basis and up 13% like for like. The difference between reported and like-for-like figures is mainly attributable to a €56 million unfavourable currency impact (due mainly to the US dollar) and an €83 million negative scope effect, chiefly related to the non-retained scope.
1 Like-for-like change over the first nine months of 2021 versus the same period in 2020.
Created in 1992, Lagardère is an international group with operations in more than 40 countries worldwide. It employs some 28,000 people and generated revenue of €4,439 million in 2020.
The Group focuses on two priority divisions: Lagardère Publishing (Book and e-Publishing, Mobile and Board 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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