Lagardere SCA ( ($FR:MMB) ) has issued an update.
Lagardère SCA reported strong financial results for 2024, with revenue reaching nearly 9 billion euros, marking a growth of 10.6%. The company’s operating result increased by 14% to a record 593 million euros, and it generated a high free cash flow of 423 million euros, enabling a significant reduction in net debt. Lagardère’s growth is driven by its publishing and travel retail segments, with outstanding performance in board games and air traffic-related retail. The company also proposed a dividend of 0.67 euros per share, reflecting its financial health and operational success.
More about Lagardere SCA
Lagardère SCA is a diversified group involved in publishing, travel retail, live entertainment, and radio. The company is known for its international presence with key operations in publishing and travel retail, especially in major markets like the United States and the United Kingdom. Its travel retail division operates over 5,000 points of sale globally, focusing on travel essentials, duty-free, fashion, and catering.
YTD Price Performance: -1.23%
Average Trading Volume: 821
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €2.82B
For an in-depth examination of MMB stock, go to TipRanks’ Stock Analysis page.
