Report
Jerôme Bodin

Lagardère : Un S1 difficile comme attendu, bonne résistance du livre mais visibilité très faible sur le TR

>Résultats globalement en ligne - Opinion Neutre réitérée - Lagardère a publié hier ses résultats S1 ressortis conformes aux attentes (EBIT de -218 M€ vs -221 M€ attendus). Nos attentes sont inchangées. Nous réitérons notre opinion Neutre sur le titre avec un objectif de cours ajusté à 15 € (vs 14.5 €). En effet : 1/ le momentum court terme reste difficile avec un fort manque de visibilité sur l’activité de Travel Retail. La fin d’année devrait rester très difficile a...
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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