Lagardere and its majority owner Louis Hachette jump as FY results rise

Louis Hachette SA

14/02/2025 09:33

** French media company Lagardere  LAGA.PA  rise more than
9% on FY results and a dividend proposal of EUR 0.67 per share
    ** Lagardere publishes FY EBIT of 593 million euros 
($621.52 million), up 14% year-on-year, on revenues up 8.5% LFL
to about 9 billion euros
    ** The shares is on track for its best day since
mid-September 2021, if gains hold
    ** They touch their highest price in 4-1/2 months 
    ** Shares of Louis Hachette Group  ALHG.PA , majority owner
of Lagardere, also climb 9.3% after announcing plans to
distribute at least 85% of the dividends received from Lagardere
in 2025
    ** Vivendi  VIV.PA , from which Louis Hachette Group was
spun-off, edges up 1.9%


($1 = 0.9541 euros)

 (Reporting by Leo Marchandon)
 ((Leo.marchandon@thomsonreuters.com))