According to the FY18 segment reporting (i.e. mostly before the Sports disposal), Lagardère reported globally in line FY19 results (organic revenue +4.1%), driven by its two strategic segments (Publishing and Travel Retail). Reported recurring EBIT margin was 5.2% but there was a net loss of €15m after discontinued operations. Dividend stable (€1.30/ share). FY20e guidance (recurring EBIT:+4-6% CER) highly uncertain due to the Coronavirus. Our forecasts will be cut to integra
28 Feb 2020
Coronavirus fears overshadow globally in line FY19 results
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Coronavirus fears overshadow globally in line FY19 results
Lagardere SA (MMB:PAR) | 0 0 0.8% | Mkt Cap: 3,246m
- Published:
28 Feb 2020 -
Author:
Véronique Cabioc'h -
Pages:
4
According to the FY18 segment reporting (i.e. mostly before the Sports disposal), Lagardère reported globally in line FY19 results (organic revenue +4.1%), driven by its two strategic segments (Publishing and Travel Retail). Reported recurring EBIT margin was 5.2% but there was a net loss of €15m after discontinued operations. Dividend stable (€1.30/ share). FY20e guidance (recurring EBIT:+4-6% CER) highly uncertain due to the Coronavirus. Our forecasts will be cut to integra