Louis Hachette Group (ALHG) Investor presentation summary

Strategic positioning and business model

• Operates two core businesses: publishing and travel retail, both global leaders with balanced financial profiles.

• Leadership emphasizes value creation, efficiency, and agile decision-making.

• Consistent delivery on growth, profitability, cash generation, and deleveraging.

Financial performance and key figures

• 2025 revenue reached €9.6bn, up 4% reported and 3% like-for-like; EBITA rose 8% to €551m.

• Cash flow from operations increased 9% to €558m; net debt reduced to €1,590m with a leverage ratio of 1.95x.

• EBITA and cash flow have shown strong year-on-year momentum.

Business segment highlights

• Publishing: #3 global player, highly diversified, with 2/3 revenue international; recurring high margins and strong cash generation.

• Travel Retail: #3 globally, present in all segments, resilient and profitable with geographic diversification.

• Live and Media: Portfolio includes prestigious brands, media, and iconic venues; Prisma Media is profitable but adapting to market shifts.