Lagardère: adjusted net income down 5% at E252m

(CercleFinance.com) - 2023 group sales reached E8,081m, up 14.
0% on 2022 (LFL).

Group recurring EBIT before associates reached E520m in 2023, up +82m from E438m in 2022. Lagardère Publishing posted recurring EBIT before associates of E301m (versus E302m in 2022), while Lagardère Travel Retail was E245m (vs. E136m in 2022).

Adjusted net income - group share was E252m, vs. E265m in 2022.

At end-December 2023, group free cash flow excluding changes in working capital4 was E275m, versus E294m in 2022.

For 2024, Lagardère Publishing should maintain performances similar to those of 2023, it says.


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