Solid first-half results
Revenue up 2.0 %¹
EBITA² up €8 million to €218 million¹,
despite the geopolitical and macroeconomic environment.
Strong cash flow generation (CFFO)³

Lagardère Publishing
Revenue up 1.3%¹
Solid EBITA of €105 million

Lagardère Travel Retail
Continued revenue growth (up 3.3%¹)
Solid EBITA of €111 million

Lagardère Live
Revenue growth of 3.2%¹
Positive and growing EBITA driven by cost savings

Prisma Media
Business down by 25%¹ in a challenging market
Restructuring currently underway

Jean-Christophe Thiery, Chairman and Chief Executive Officer, Louis Hachette Group, commented: “In the first half of 2026, Louis Hachette Group delivered solid results, testifying to the resilience of its businesses and the strength of its model amid the difficult geopolitical and macroeconomic context. Driven by a very good performance from the Lagardère group, EBITA hit a record high of €218 million. Group cash flow generation (CFFO³) came to €84 million, up 50% on first-half 2025. Thanks to its teams’ financial discipline, the Group is continuing to deleverage, reducing its debt by more than €230 million over the last 12 months.

Lagardère Publishing demonstrated its resilience in challenging markets thanks especially to the strength of its diversified businesses. In the trade segment, the portfolio benefited from publishing successes and robust international backlist sales. The division is also enjoying very good momentum in Spain and Latin America, while Board Games and Partworks are continuing to support growth.

Lagardère Travel Retail maintained its growth momentum despite the impacts of the situation in the Middle East, buoyed by Europe and the Americas. Asia-Pacific reported healthy growth following the takeover of the Auckland concession, which offset the impact of the completion of network streamlining operations in mainland China. Lagardère Travel Retail continued to leverage the geographical diversification of its operations, the resilience of its business model and the agility of its teams to mitigate the direct and indirect impacts of the Middle East situation.

Lagardère Live continued to recover, delivering positive EBITA on the back of strict cost discipline. Lastly, Prisma Media maintained profitability as it continued its transformation.”

¹ Like for like.
² EBITA: adjusted earnings before interest and taxes. Alternative performance measure (see Glossary for definition).
³ CFFO: cash flow from operations before interest and income taxes paid. Alternative performance measure (see Glossary for definition).

Contacts :
Press: communication@louishachettegroup.com
Investor Relations: Emmanuel Rapin / Nathalie Pellet – ir@louishachettegroup.com