Lagardère First Half 2021 Results
In the first half of 2021, Group revenue totalled €2,076 million, up 5% on a like-for-like basis. Group recurring EBIT in the first half of the year totalled €3 million, up sharply by €221 million compared to a negative €218 million in first-half 2020. Lagardère Publishing recorded decade-high recurring EBIT of €110 million (€27 million in first-half 2020), with Lagardère Travel Retail reporting recurring EBIT of -€96 million, versus -€209 million in first-half 2020. The Group reported a loss before finance costs and tax of €117 million in first-half 2021 (loss of €397 million in first-half 2020), including non-recurring/non-operating items for a net negative amount of €61 million. The loss – Group share was €171 million, versus a loss – Group share of €422 million in first-half 2020.