Report
Jerôme Bodin

Lagardere : Good H1 driven by sport, disposals set to continue

>2018 guidance raised - Yesterday evening, Lagardère reported H1 results that were higher than forecast (EBITA of € 132m vs € 111m forecast), mainly due to the performance from sport. Given the very good showing in H1, the group edged up its 2018 EBITA guidance (like-for-like). It now forecasts growth of 1-3% vs flat growth previously, which implies 2018e EBIT of € 399m-409m (Oddo BHF now at € 405m and consensus at € 400m, dated yesterday). Disposals are set to contin...
Underlying
Lagardere SCA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Jerôme Bodin

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