(AOF) – Lagardère unveiled a record operating profit in 2023. The publishing and distribution group recorded an adjusted net profit, group share, of 252 million euros, compared to 265 million euros in 2022. The EBIT, which corresponds to the adjusted current operating income of the integrated companies, increased by 18.7% to 520 million euros. In detail, the EBITDA of Lagardère Publishing reached 301 million euros compared to 302 million euros in 2022 and that of Lagardère Travel Retail amounted to 245 million euros compared to 136 million euros in 2022.
Lagardère benefited from a 14% increase in its turnover to 8.081 billion euros. Lagardère Publishing grew by 1.9% to 2.8 billion euros and Lagardère Travel Retail grew by 23.4% to 5.01 billion euros.
The ordinary dividend proposal is 0.65 euros per share, “taking into account the active investment policy and in an effort to reduce the group’s net debt”. Net debt increased to 2.1 billion euros as of December 31, 2023, compared to an amount of 1.713 billion euros as of December 31, 2022, notably due to acquisitions.
“In an uncertain geopolitical and macroeconomic environment, the Lagardère group remains confident in its ability to maintain a high level of results” in 2024, the group indicated. Lagardère Publishing should maintain performances similar to those of 2023. Lagardère Travel Retail, for its part, has “potential for growth in its turnover and profitability, in particular thanks to its operational optimization initiatives”.
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