Lagardere : Q3 revenues contained no surprise with momentum still solid for Travel Retail
>Neutral rating reiterated - Lagardère reported on Thursday, 17 October, Q3 2024 revenues of € 2,417m compared with our forecast of € 2,400m. This performance is therefore in line with our expectations, but slightly below those we had for Publishing (mainly due to a more difficult educational business in France). Momentum remains very sound at Lagardère Travel Retail. The group did not hold a conference call. Our full-year estimates are unchanged following this publi...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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