Lagardere Sa (LGDDF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, this is the conference operator. Welcome and thank you for joining the Louis Hachette Group and Lagardere First Half 2026 Results Conference Call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. At this time, I would like to turn the conference over to Mr. Rapin, Head of Investor Relations. Please go ahead, sir. Yes, thank you. Good evening, everyone. This conference call will be hosted today by Jean-Christophe Thierry, chairman and CEO of Louis Hachette Group, and Gregoire Castaing, deputy CEO of Louis Hachette Group and deputy CEO in charge of finance for Lagardere. Joining us for this presentation also, Frédéric Chevalier, the CEO of Lagardere Travel Retail, who will each share their insights and key highlights for this first semester. This presentation will be followed by a Q&A session. I now leave the floor to Jean-Christophe Thiry. Thank you, Emmanuel, and good evening, everyone, and thank you for joining us today. I am delighted to introduce you to Louis Hachette Group's first half 2026 results. Despite a challenging economic and geopolitical environment, particularly in the Middle East, our group once again demonstrated its resilience and the strength of its diversified model. In the first half of 2026, we generated revenue of 4.5 billion euros and EBITDA of more than 200 million euros, reflecting disciplined execution across the group. We also maintained a strong financial profile supported by good cash generation and continued debt reduction. Gregoire will take you through the figures in a moment. Let me first turn to the main developments across our businesses. At Lagardere Publishing, Performance remained solid, supported by the diversity and quality of the por...