LAGARDÈRE S.A. Paris, 20 December 2021, 8 a.m.
Following up on third quarter 2021 revenue release1, the increased appeal of reading positively reflects on Lagardère Publishing's sales performance.
As such, the division's strong sales momentum and product mix impact Lagardère Publishing profitability in a more favourable manner than anticipated in the context of the health crisis.
As a result, Lagardère Publishing's operating margin2, previously estimated to be close to 12%3, is now expected around 13.5% for full-year 20213.
Lagardère group 2021 annual results will be released on 17 February 2022 after market close.
1 See press release "The Lagardère group steps up the pace of its recovery and confirms its development ambitions" published on 28 October 2021.
2 Recurring EBIT as a percentage of revenue.
3 Excluding Workman Publishing.
- Ramzi Khiroun - Tel. +33 1 40 69 16 33 - rk@lagardere.fr
Image 7 contact
- Anne Méaux - Tel: +33 6 89 87 61 76
Investor Relations Contacts
- Emmanuel Rapin - Tel. +33 1 40 69 17 45 - erapin@lagardere.fr
-
Alima Lelarge Levy - Tel. +33 1 40 69 19 22 - alelargelevy@lagardere.fr
The Group focuses on two priority divisions: Lagardère Publishing (Book and e-Publishing, Mobile and Board games) and Lagardère Travel Retail (Travel Essentials, Duty Free & Fashion, Foodservice).
The Group's operating assets also include Lagardère News and Lagardère Live Entertainment.
Lagardère shares are listed on Euronext Paris.
www.lagardere.com
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Lagardère SCA published this content on 20 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2021 07:09:05 UTC.
