Louis Hachette Group (ALHG) investor relations material

Executive summary

• Total revenue reached €2,093m in Q1 2026, up 2.0% reported and 3.0% like-for-like year-over-year, with all business segments contributing to growth despite geopolitical uncertainty.

• Growth was driven by Travel Retail and Live segments, while Publishing remained resilient and Prisma Media faced significant decline amid strategic repositioning.

Financial highlights

• Group consolidated revenue: €2,093 million, up 2.0% reported and 3.0% like-for-like year-over-year.

• Lagardère Publishing: €615m (-1.1% reported, +1.4% like-for-like); Travel Retail: €1,365m (+5.0% reported, +4.8% like-for-like); Live: €57m (+2.4% reported, +5.9% like-for-like); Prisma Media: €56m (-18.4% reported, -22.5% like-for-like).

• Negative currency effects (€62m) mainly from US dollar, pound sterling, and UAE dirham depreciation.

• Positive scope effects (€50m) from acquisitions in Publishing, Travel Retail, and Prisma Media.

Outlook and guidance

• Management highlights resilience amid uncertain geopolitical and macroeconomic conditions, with a diversified international footprint expected to mitigate risks.

• Too early to assess the full impact of the Middle East conflict on Travel Retail and overall demand.

• Forward-looking statements are subject to economic, regulatory, and industry-specific risks.