Lagardere : A challenging H1 as expected, Publishing resilient but very little visibility on Travel Retail
>Results broadly in line – Neutral rating reiterated - Lagardère’s H1 results, released yesterday, came out in line with expectations (EBIT -€ 218m vs -€ 221m est.). Our forecasts remain unchanged. We reiterate our Neutral rating on the stock and have adjusted our target price to € 15 (vs € 14.5). Reasons: 1/ the short-term momentum is still sluggish and there is a serious lack of visibility on the Travel Retail division. The rest of the year will remain very challeng...Lagardere Groupe is a holding company. Through its subsidiaries, Co. is engaged in the media industry (news, education, culture and entertainment businesses). Co.'s main activities in the media industry can be divided into four separate divisions. Lagardere Publishing includes Co.'s Book Publishing and e-Publishing businesses. Lagardere Active encompasses Co.'s Magazine Publishing, Audiovisual (Radio, Television, Audiovisual Production), Digital and Advertising Sales Brokerage businesses. Lagardere Services encompasses the Travel Retail and Distribution businesses. Lagardere Unlimited specializes in sports and entertainment.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.