(AOF) – As of September 30, 2023, Lagardère achieved turnover of 5.914 billion euros, up 18.1% on a published basis and 15.3% on a comparable basis. The difference between published and comparable data is explained by a positive scope effect of 170 million euros, mainly linked to the acquisitions of Marché International AG (Germany) and Costa Coffee (Poland) by Lagardère Travel Retail as well as Welbeck Publishing Group (United Kingdom) by Lagardère Publishing, and by an unfavorable foreign exchange effect of 48 million euros.
Revenue for the third quarter of 2023 stood at 2.213 billion euros, up 11.7% on a published basis and 9.6% on a comparable basis. The difference between published and comparable data is explained by a positive scope effect of 83 million euros as well as an unfavorable currency effect of 44 million euros.
Over this period, Lagardère Publishing’s turnover stood at 767 million euros, down 1.6%.
Lagardère Travel Retail’s turnover stood at 1.390 billion euros, up 21.4% on a reported basis and 17.7% on a comparable basis.
In an uncertain economic and geopolitical environment, the Lagardère group remains confident in its ability to maintain a high level of results in 2023, thanks to the dynamism and responsiveness of its teams, and the diversified geographical presence of its two main branches.
Despite cost pressures, Lagardère Publishing should maintain performances relatively similar to those of 2022. In a normalized environment, while global air traffic continues to recover, Lagardère Travel Retail has potential for growth in its revenue. business and profitability, including LEaP initiatives.
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