Report
Jerôme Bodin

Lagardère : Résultats S1 légèrement inférieurs aux attentes, bon momentum pour le Travel Retail

>Opinion portée à Neutre et objectif de cours à 25 € - Lagardère a publié hier ses résultats semestriels un peu en dessous des attentes (EBITA de 107 M€ alors que nous tablions sur 116.7 M€ et le consensus sur 125 M€). La principale différence avec nos attentes provient de coûts supérieurs à nos attentes, notamment chez Publishing à cause de la pression inflationniste sur les coûts de production, de transport et de main-d’œuvre. Sur le Travel Retail, la reprise est to...
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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