Report
Jerôme Bodin

Lagardère : S1 2019 supérieur aux attentes et nouvelle acquisition dans le Travel Retail

>Opinion Achat réitérée - Lagardère a publié hier ses résultats du S1 ressortis supérieurs aux attentes (EBIT de 153 M€ vs 140 M€ attendus) avec une très bonne performance de Lagardère Sports & Entertainment. Il a confirmé sa guidance 2019, à savoir une croissance de son EBIT de 4 à 6% (pro forma). L’autre information est l’acquisition d’un nouvel actif dans le « travel retail », IDF, spécialisé dans le duty free pour 250 M€ (8x l’EBITDA post synergies). Le groupe pou...
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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