on LAGARDERE (EPA:MMB)
Lagardère Group Reports Solid Q3 2024 Revenue Growth
Lagardère Group recorded a robust 7.4% like-for-like revenue growth in the third quarter of 2024, driven mainly by Lagardère Travel Retail. The group's total revenue for the first nine months reached €6,610 million, up 9.1% like for like compared to the previous year.
Lagardère Travel Retail showed an impressive 11.7% growth, benefitting from strong performances in France and the EMEA region. Lagardère Publishing maintained stable third-quarter revenue at €765 million, with significant contributions from the United States.
Other Activities saw a modest rise of 1.1% in Q3, spurred by gains in the News segment. Despite geopolitical tensions, these results reflect Lagardère's strategic advancement.
Net debt decreased to €2,172 million by the end of September, reinforcing the group's financial structure. Lagardère's liquidity position continued to be robust, with substantial available resources.
R. P.
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