Louis Hachette Group (ALHG) Q3 2025 TU earnings summary

Executive summary

• Q3 2025 organic revenue growth reached 4.8%, driven by strong performances in Publishing and Travel Retail, both achieving record revenues and benefiting from new store openings in Amsterdam and Auckland.

• Publishing saw robust growth from diversification, bestsellers, and board games, with exceptional results across all geographies.

• Travel Retail achieved record revenue, supported by expansion in Europe, North America, Africa, and the Middle East.

• Lagardère Live and Prisma Media faced revenue declines but maintained leading positions in their markets despite challenging advertising and print environments.

• Nine-month revenue reached €7,100m, up 4.0% as reported and 3.5% like-for-like.

Financial highlights

• Q3 2025 total revenue was €2,605m, up 4.8% year-over-year; nine-month revenue reached €7,100m, up 4.0% as reported and 3.5% like-for-like.

• Publishing Q3 revenue: €811m (+5.9% reported, +6.6% like-for-like); Travel Retail Q3 revenue: €1,695m (+6.2% reported, +5.0% like-for-like).

• Lagardère Live Q3 revenue: €42m (-25% reported, -2.0% like-for-like); Prisma Media Q3 revenue: €57m (-14% reported, -14.4% like-for-like).

• Positive scope effects from acquisitions and consolidation, partially offset by negative currency impacts.

• Nine-month revenue: Publishing +4.1%, Travel Retail +5.5%, Live -18.5%, Prisma Media -6.0%.

Outlook and guidance

• The group continues to invest, maintain financial flexibility, focus on gradual debt reduction, and pay regular dividends while seizing strategic growth opportunities.