Half Year 2025 Louis Hachette Group SA Earnings Call Transcript
Key Points
- Louis Hachette Group (XPAR:ALHG) reported an all-time high EBITA of €220 million, showcasing strong performance across all activities.
- The company achieved a significant reduction in debt, decreasing by €483 million to below €2 billion, thanks to strong cash generation and successful refinancing operations.
- The publishing segment saw a 3% revenue increase, driven by strong performance in English-speaking markets, particularly in the UK and US.
- Travel retail revenue reached €2.9 billion, with strong growth in Europe and a positive outlook for the second half of the year.
- The group successfully issued a €100 million 5-year bond, which was more than three times oversubscribed, indicating strong investor confidence.
- The publishing segment experienced a slight decline in France, with sales decreasing by 1%, reflecting a less vibrant release schedule compared to the previous year.
- North Asia travel retail revenue declined by nearly 30% due to business rationalization and store closures.
- Prisma Media's revenue decreased by 2%, impacted by the shrinking press market and changes in digital usage leading to lower online advertising revenues.
- The weakening of the USD against the EUR is expected to impact group revenues by approximately €100 million and EBITA by €10 million for the full year.
- The Lagardere Live segment reported an EBITA loss of €1 million, although it showed an €18 million improvement year-on-year, indicating ongoing challenges.
Hello ladies and gentlemen, thank you for joining us this evening to Louis Hachette Group 2025 first half results.
I'm Emmanuel Rapin, head of financial communication, and I will be guiding you through this presentation.
We will present the Louis Hachette group results and those of Lagardère that are off course embedded.
Nevertheless, if you want to focus only on the Lagardère group performance, you can find them on the press release as well as the slides that relates to Lagardère on the dedicated website.
This call is led today by Jean-Christophe Thiery, Chairman and CEO of Louis Hachette Group, and Gregoire Castaing, deputy CEO of Louis Hachette Group and Lagardère Group.
Joining us for this presentation are Pauline Orel, Group Secretary General, Dag Rasmussen, Chairman and CEO of Lagardère Travel Retail, Frederic Chevalier, CEO of Lagarde Travel Retail, and Claire Leo, CEO of Prisma, who will each share their insights and their key highlights. After the presentation, I will be reading the questions from financial analysts only.
I now leave
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