Third-Quarter 2022 revenue

Category

Corporate & other activities, Finance

Paris, 27 October 2022, 8:00 a.m.

Sharp 34.1% growth in Lagardère group revenue over the first nine months, confirmed by a 27.7% increase in the third quarter1, driven by very strong momentum at Lagardère Travel Retail

Lagardère Publishing: revenue up 3.6%[1] in declining markets

Performance lifted by the success of new titles and amplified by the international footprint

Lagardère Travel Retail: buoyant 53.8%1 revenue growth, reflecting the fast recovery of travel in Europe and the United States

The Group raises its overall full-year 2022 guidance slightly

Revenue

Revenue for the Lagardère group totalled €5,008 million for the first nine months of 2022, up 41.5% as reported and up 34.1% like for like. The difference between reported and like-for-like revenue is attributable to a €184 million positive currency effect, chiefly resulting from the appreciation of the US dollar (€136 million), and to an €86 million positive scope effect, mainly in connection with the acquisitions of Workman Publishing and Paperblanks by Lagardère Publishing and of Dubai-based Creative Table Holdings Ltd by Lagardère Travel Retail.

Revenue 2022
Revenue 2022

[1] Like-for-like for third-quarter 2022.

Unless otherwise specified, the changes presented below for third-quarter 2022 are calculated on a like-for-like basis.

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