Lagardere : Solid operating trend and disposals set to continue
>Conference call following the good Q3 2019 sales - Yesterday, Publicis held a conference call following its Q3 results. The message from the management was reassuring regarding the operating trend (publishing and TR). They did not provide many details on the timetable for the disposal plan but said that they might possibly envisage other deals (cf. music radio stations). This would obviously be a very positive prospect. We revised up our 2019 and 2020 EBIT estimates ...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.
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