Lagardere : Q3 in line with forecasts, margin estimate increased for 2021
>Normalisation for publishing and continuation of the recovery for Lagardère Travel Retail - Yesterday evening Lagardère reported Q3 revenues a shade above our estimate at € 1,463m whereas we expected € 1,432m. The performances of the two main divisions, publishing and travel retail, were as expected. We expected a slight decrease for the former, which therefore materialised. We do not expect any break in the trend in Q4, which should be in the same furrow, with in pa...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.
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