Lagardère: Q1 sales up 12.4% at end-March

(CercleFinance.com) - Lagardère has posted sales of E1,883m at 31 March 2024, up +12.
4% as reported and up 8.9% LFL.

Lagardère Publishing reports an increase in sales on a historically high basis. At end-March sales reached E576m, up 1.1% as reported and up 0.8% LFL.

Lagardère Travel Retail sales were E1,242m, up 18.7% as reported and up 13.6% LFL.

Group liquidity remains solid, with free cash of E1,643m, including E381m
in cash and financial investments on the balance sheet, E280m in borrowing capacity reserve granted by Vivendi, and E982m undrawn on the revolving credit facility.


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