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Edge20 Feb 2026
Dollar General: The Rural Retailer Playbook
How Dollar General built a small-box empire across rural America, scaling value and convenience into one of retail's most durable business models.
Louis Hachette Group
Louis Hachette Group (ALHG) investor relations material
Louis Hachette Group H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary19 Feb, 2026
Executive summary
Revenue reached €9.62 billion in 2025, up 4.2% year-over-year, with adjusted EBIT/EBITA at a record €551 million and strong cash flow generation across core divisions.
Net debt reduced by €236 million to €1.59 billion, with leverage ratio falling to 1.95x.
Net profit more than doubled to €112 million, reflecting improved profitability and lower finance costs.
Cash flow from operations increased 9% to €558 million, supporting deleveraging.
Publishing and Travel Retail segments drove growth, with notable successes in France, US, and UK.
Financial highlights
EBITA/Adjusted EBIT rose 8% to €551 million; EBITDA increased from €490 million in 2023 to €551 million in 2025.
Net profit rose to €112 million, up €50 million year-over-year.
Free cash flow increased 9% to €459 million.
Net debt reduced to €1.59 billion from €1.83 billion in 2024.
Ordinary dividend of €0.06 per share proposed for 2025.
Outlook and guidance
2026 strategy focuses on disciplined capital allocation, regular shareholder returns, and targeted investments.
Publishing expects stable revenue and margin in 2026 despite no new Astérix release and FX headwinds.
Travel Retail anticipates continued mid-single-digit sales growth and margin improvement, with China restructuring to be largely completed by year-end.
Dividend policy confirmed, with at least 85% of dividends received from Lagardère SA to be distributed.
Deleveraging remains a strategic priority for 2026.
China Travel Retail restructuring progress
Prisma Media 2026 EBITDA target excluding costs
Lagardère Live division breakeven timeline
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Next Louis Hachette Group earnings date
Q1 2026 TU16 Apr, 2026
Louis Hachette Group
Next Louis Hachette Group earnings date
Q1 2026 TU16 Apr, 2026
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