Report
Jerôme Bodin

Lagardere : What to expect from the 2019 results and then the CMD on 25/03?

>No surprises in 2019 EBIT, solid FCF, then a plan to restore margins at the CMD? - We give a recap on the situation at Lagardère ahead of the 2019 results, which will be published on 27/02 (analysts’ meeting at 5.45pm). We expect EBIT to be in line with the group’s guidance. It is also possible that FCF might be reassuring, with 2019 proving a good year for publishing. The deconsolidation of the sports division would give almost normative FCF (€ 275m) up strongly on ...
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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