Lagardere: net loss of E171m

(CercleFinance.com) - The media group Lagardère has posted H1 2021 revenues of 2,076 million euros, down -0.
6% on a consolidated basis and up 5.0% like-for-like.

It posted token recurring EBIT of 3 million euros, representing a big improvement of +221 million euros compared to 2020.

Its adjusted net loss, group share (which excludes non-recurring/non-operating items) amounted to 86 million euros compared to -276 million euros in H1 2020. The loss - group share reached 171 million euros against a loss of 422 million euros in H1 2020.

At the end of June 2021, the Group's free cash flow excluding the change in working capital increased significantly to -12 million euros compared to -242 million euros at the end of June 2020.


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