Lagardere : Good 2022 results and growth at the start of the year
>Neutral rating reiterated - Lagardère yesterday reported full-year results that beat expectations (recurring EBIT of € 438m whereas we looked for € 395m and the consensus € 401m). The three divisions fared a little better than expected. There was also a surprise from the ordinary dividend which came to € 1.3/share, the same level as in 2019. The group has therefore returned to a normative yield, which is consistent with its EBIT, which is also roughly at the pre-cri...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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