Lagardere Sa (LGDDF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for joining us this evening to Lagarde RSA and the Louis Hachette Group's 2024 results. I'm Emmanuel Rapa, Head of Financial Communication, and I will be guiding you through this presentation. Tonight, the conference follows a new format. We will go through Lagarde RSA first in terms of results, and then go with Louis Hachette Group results, Thus, the call will be led by Arnaud Lagardère, Chairman and CEO of Lagardère SA and Hachette Livre SA, Jean-Christophe Thierry, CEO of Louis Hachette Group, and Grégoire Castin, Deputy CEO of Lagardère Group in charge of finance and Deputy CEO of Louis Hachette Group. Dag Rasmussen, Chairman and CEO of Lagardère Travel Retail, Claire Leost, CEO of Prisma, are also here with us. After the presentation, I will be reading the questions from financial analysts only. And now I leave the floor to Arnaud Lagardère. Thank you so much, Emmanuel, and good evening to all of you. It seems that we have a big crowd today, more than 100 people listening, so it's good. We take it as a huge compliment, obviously. So as far as Lagardère is concerned, we broke, I think, a record for the past 15 years, both in sales and in results. And this is clearly the result, the consequence of the strategy that we've put in place a little more than 15 years ago, by the way, by reducing the number of businesses and focusing more on few activities with the ambition to put them on the podium. Not only they are today on the podium regarding Hachette Book Group and Lagardère Travel Retail, but also they have a strong, solid sales and raise up, obviously. So I would like to take the opportunity to really thank and congratulate 30,000 almost colleagues of Lagardère for the tremendous job that they have done. As you know, strategy is on...