Half Year 2026 Lagardere SA Earnings Call Transcript

Jul 28, 2026 / 04:00 PM GMT

Release Date Price: €18.06 (+0.22%)

Transcript

Key Points

Positve

Lagardere SA (STU:LAG) reported a solid revenue of EUR 4.5 billion in the first half of 2026, demonstrating resilience despite challenging economic and geopolitical conditions.
The company achieved an EBITDA of more than EUR 200 million, reflecting disciplined execution across its diverse business segments.
Lagardere Publishing showed strong resilience with a revenue increase of 1.3% on a like-for-like basis, supported by successful new releases and growth in digital audio revenue.
Lagardere Travel Retail maintained positive dynamics with a revenue increase of 3.3% on a like-for-like basis, driven by strong performances in Europe and the Americas.
The company successfully reduced its net debt by more than EUR 200 million, reflecting strong cash flow generation and a focus on debt reduction.

Negative

Lagardere SA (STU:LAG) faced a decline in revenue in France by 1.6% due to difficult market conditions and cautious customer spending.
The geopolitical situation in the Middle East negatively impacted travel retail revenue, with a 28% decline in the region during the first half of 2026.
Prisma Media's revenue decreased by 25%, affected by the structural downturn in the magazine market and weaker online advertising demand.
The company experienced adverse foreign exchange impacts, with a EUR 100 million negative effect on revenue due to currency fluctuations.
Lagardere Travel Retail faced challenges in the U.S. market, with softer performance in Q2 due to lower traffic trends and external factors like airline bankruptcies.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LAGA.PA - Lagardere SA
Half Year 2026 Lagardere SA Earnings Call
Jul 28, 2026 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, this is the conference operator.

Welcome and thank you for joining the Louisa Shedd Group and Lagardere First Half 2026 Results Conference Call.

As a reminder, all participants are in listen-only mode.

After the presentation, there will be an opportunity to ask questions.

At this time, I would like to turn the conference over to Mr. Rappin, Head of Investor Relations. Please go ahead, sir.

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Unidentified_2 [2]
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Yes, thank you. Good evening, everyone. This conference call will be hosted today by Jean-Christophe

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