Louis Hachette Group (ALHG) Q1 2025 TU earnings summary

Executive summary

• Q1 2025 revenue reached €2,047 million, a 5.0% year-over-year increase, with all major business segments contributing to growth.

• Publishing saw robust growth in all regions, especially the UK, supported by bestsellers and board games.

• Travel Retail posted revenue growth in all regions except North Asia, where restructuring is underway.

• Prisma Media expanded in luxury, lifestyle, and digital media, despite a decline in print revenue.

Financial highlights

• Publishing revenue grew 8% to €623 million, with all regions contributing.

• Travel Retail revenue increased 5% to €1,301 million, driven by EMEA and new concessions.

• Prisma Media revenue declined 3% to €69 million, reflecting ongoing print market contraction.

• Other Activities revenue was €54 million, up 4% like-for-like but down 14% reported due to scope changes.

• Group like-for-like revenue growth was 4.0% year-over-year.

Outlook and guidance

• Management highlights continued diversification, digitalisation, and board games expansion, especially in Publishing and Media.

• Ongoing restructuring in North Asia expected to impact Travel Retail performance.

• Dividend of €0.06 per share proposed for fiscal year 2024, with payment expected in May 2025.

• Forward-looking statements caution that actual results may differ due to economic, regulatory, and industry risks.