Brief: Lagardere FY Recurring Ebit At Record EUR 520 Mln
27/02/2024 16:55
Feb 27 (Reuters) - Lagardere SA LAGA.PA :
* LAGARDERE ENJOYED AN EXCEPTIONAL YEAR IN 2023, WITH
REVENUE
TOPPING THE €8 BILLION MARK
* FY RECURRING EBIT AT A RECORD €520 MILLION
* THE GROUP RECORDED STRONG REVENUE GROWTH OF 14.0%1 AND
RECURRING
EBIT UP €82 MILLION YEAR ON YEAR
* THE PROPOSED ORDINARY DIVIDEND IS €0.65 PER SHARE3 GIVEN
THE
GROUP’S ACTIVE INVESTMENT POLICY AND IN ORDER TO REDUCE ITS NET
DEBT
* FY PROFIT GROUP SHARE EUR 144 MILLION VERSUS EUR 161
MILLION
YEAR AGO
* OUTLOOK 2024: DESPITE THE UNCERTAIN GEOPOLITICAL AND
MACROECONOMIC ENVIRONMENT, THE LAGARDÈRE GROUP REMAINS CONFIDENT
IN ITS ABILITY TO MAINTAIN A HIGH LEVEL OF RESULTS
* NET DEBT INCREASED TO €2,099 MILLION AT 31 DECEMBER 2023
FROM
€1,713 MILLION AT 31 DECEMBER 2022
* OUTLOOK 2024: WITH ONGOING ROBUST MOMENTUM IN GLOBAL AIR
TRAFFIC, IN SPITE OF GEOPOLITICAL TENSIONS AND UNCERTAINTY
CONCERNING A REBOUND IN CHINESE INTERNATIONAL TOURISM,
LAGARDÈRE TRAVEL RETAIL HAS POTENTIAL FOR REVENUE AND
PROFITABILITY GROWTH
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Further company coverage: LAGA.PA
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