2026 First-quarter revenue

Paris, 16 April 2026, 5:35 p.m.

Louis Hachette Group:
Revenue growth in the first quarter of 2026 (up 3%¹).

Lagardère Publishing
Revenue remains robust (up 1.4%¹) despite a high comparison basis.

Lagardère Travel Retail
Revenue growth (up 4.8%¹)
driven by momentum in North America, Europe and the Pacific region.

Lagardère Live
Continued growth (up 5.9%¹).

Prisma Media
Revenue down 22.5%¹.
Strategic repositioning under way.

Jean-Christophe Thiery, Chairman and Chief Executive Officer, Louis Hachette Group, commented:

“In the first quarter of 2026, amid an uncertain geopolitical climate, Louis Hachette Group recorded solid revenue growth of 3%¹ driven by all Lagardère group businesses and supported by its diversified international footprint.

Lagardère Publishing maintained a robust level of activity, driven by publishing successes and momentum from diversification efforts. Hachette Livre, France's leading publisher and the world's third-largest publishing group, celebrated its 200th anniversary in March, testifying to the resilience and durability of its model.

Lagardère Travel Retail delivered sustained revenue growth. Europe and the Americas continued on their growth path, supported by solid performances in certain key countries, while Asia-Pacific posted sustained growth following the takeover of the Auckland concession, despite the ongoing streamlining of the network in mainland China. The conflict in the Middle East that broke out at the end of February 2026 weighed on air traffic and consumer spending during the first quarter. At this stage, it is too early to say how the situation will evolve. Lagardère Travel Retail is relying on its diversified geographic footprint and the resilience of its business model to mitigate the effects.

Lagardère Live maintained its growth dynamic, with revenue up some 6% on the back of a good performance from Lagardère Live Entertainment and continued gains in audience numbers at Europe 1 and Europe 2.

Lastly, in a rapidly evolving digital advertising market, Prisma Media is continuing to restructure and refocus on its traditional and profitable activities.”

I. GROUP CONSOLIDATED REVENUE

 First-quarter 2026 revenue

First-quarter 2026 revenue totalled €2,093 million, up 2.0% as reported versus the same year-ago period. On a like-for-like basis, revenue was up 3.0%, with all Lagardère group's businesses contributing to the growth effort.

* Lagardère Live includes Lagardère News (Le Journal du Dimanche, Le JDNews, Le JDMag, the ELLE brand licence) Lagardère Radio (Europe 1, Europe 2, RFM), Lagardère Live Entertainment, Lagardère Paris Racing sports club and the Group Corporate function.

In the first quarter of 2026, the difference between reported and like-for-like figures was principally attributable to a €62 million negative currency effect, mainly reflecting the depreciation of the US dollar, the pound sterling and the UAE dirham against the euro.

The €50 million positive scope effect was attributable to the acquisition by Lagardère Publishing of 999 Games in April 2025, the consolidation at Lagardère Travel Retail of the Duty Free business at Amsterdam Airport Schiphol in May 2025 and the acquisition by Prisma Media of France Dimanche and Ici Paris in December 2025.

Breakdown of first-quarter 2026 revenue by geographic area²

Unless otherwise specified, the changes presented below are calculated on a like-for-like basis.

 Lagardère Publishing

First-quarter 2026 revenue for Lagardère Publishing amounted to €615 million, representing a year￾on-year decrease of 1.1% on a reported basis and a 1.4% increase like for like.

Following a strong increase of 4.6% in the first quarter of 2025, revenue for Lagardère Publishing continued to grow. All markets contributed to this positive momentum except the United Kingdom, where activity in the prior-year period had been supported by the success of Onyx Storm by Rebecca Yarros. Diversification in Board Games and Partworks continued to show strong momentum during first-quarter 2026.

The difference between reported and like-for-like figures was mainly due to the €24 million negative currency effect attributable to the depreciation of the US dollar, the pound sterling and the Japanese yen. Changes in the scope of consolidation had a €8 million positive impact, mainly in connection with the acquisition of 999 Games.

• In France, revenue advanced by 1% in a market down 6% (source: GfK). This performance was mainly driven by General Literature, supported by the success at Calmann-Lévy of Guillaume Musso’s latest novel (Le Crime du Paradis) and the fourth and final volume of the Pierre Lemaitre saga (Les Belles Promesses).
• In the United Kingdom, revenue declined by 4% in a market up by a slight 1.6%, following an exceptional first quarter of 2025 marked by record growth of 13% driven notably by the successful third volume of the Rebecca Yarros saga (Onyx Storm). In the first quarter of 2026, activity was supported by robust backlist sales, including Hamnet by Maggie O’Farrell and Freida McFadden's The Housemaid series, which were boosted by the release of the related film adaptations, as well as by Florence Knapp's successful title The Names.
• In the United States, revenue increased by 2% amid a market that contracted by 4.5%. This performance reflects the resilience of the business, which was supported by a particularly dynamic frontlist publishing schedule, with strong contributions from the James Patterson and Viola Davis novel Judge Stone and from the memoirs of Christina Applegate (You with the Sad Eyes) and Liza Minnelli (Kids, Wait Till You Hear This!). In addition, backlist sales continued to provide significant support, notably thanks to the ongoing success of Freida McFadden's The Housemaid.
• In Spain/Latin America, revenue rose sharply by 18%. This performance was driven by strong momentum in the Spanish market, particularly in General Literature, supported by the success of Brimstone by Callie Hart, as well as by a good performance from a newly-launched publishing house specialising in paperback formats. In the Latin America region, activity also grew in Mexico, supported in particular by the Education segment and improved dynamics in the trade business.
• Revenue for Partworks increased by 8%, driven notably by solid performances in Italy, Poland, Latin America and Japan for collections launched in the second half of 2025 and early 2026.
• Board Games posted growth of 10%, thanks especially to the performance of Catch Up Games, which continued to benefit from strong sales of Flip 7 (number one best-seller since its launch in February 2025), Gigamic and Blackrock. This performance was further underscored by recognition for the teams’ creative excellence, with L’Île des Mookies, published by Le Scorpion Masqué and distributed by Blackrock Games, picking up the As d’Or-Game of the Year award in the Children’s category.

 Lagardère Travel Retail

First-quarter 2026 revenue for Lagardère Travel Retail came in at €1,365 million, up 5.0% on a reported basis and up 4.8% like for like. Revenue grew by 7% excluding North Asia (network streamlining in China).

The difference between reported and like-for-like figures was due to a €38 million negative currency effect, mainly attributable to the depreciation of the US dollar and the UAE dirham. The positive scope effect was attributable to the consolidation of the Duty Free business at Amsterdam Airport Schiphol.

The conflict in the Middle East that broke out at the end of February 2026 weighed on air traffic and consumer spending during the first quarter. Geopolitical tensions have increased macro￾economic uncertainty, feeding through into volatile energy prices, transport costs and exchange rates, which are likely to impact demand and operating costs. The Group is monitoring developments in the situation, while relying on its diversified geographic footprint and the resilience of its operating model to mitigate the effects.

• In France, revenue contracted slightly by 3%, mainly due to the exceptional weather-related disruption to air traffic in January 2026 and the indirect effects of the conflict in the Middle East. The Travel Essentials and Dining businesses were temporarily impacted by the closure of certain stores, while the Duty Free business was lifted by upgrades to several stores at Nice Côte d'Azur airport.
• The EMEA region (excluding France) advanced by 6% (despite the situation in the Middle East), lifted by continued solid performances in Romania, the United Kingdom, Germany, Spain and Italy on the back of an increase in passenger traffic and network expansion. The region was also supported by the restart of Duty Free operations in Albania. At the same time, Africa confirmed its strong development potential, with sustained growth of 32% underpinned by good sales momentum and recent store openings in Cameroon and Rwanda.
• In the Americas, revenue rose by 7%, driven by strong momentum in North America (up 6%), which benefitted from sustained air traffic, network expansion and good sales momentum in the Travel Essentials and Dining segments, despite occasional weather disruptions in January and February. In the United States, the impact of the partial shutdown on security screeners supported sales growth in March 2026, with passengers spending longer in terminal shopping areas. In South America, growth came out at 28%, boosted by the opening of the new airport at Lima, Peru.
• The Asia-Pacific region posted solid revenue growth of 11%. The impact of the ongoing restructuring of operations in mainland China was largely offset by the highly successful takeover of Duty Free activities in Auckland, New Zealand, since 1 July 2025.

 Lagardère Live

First-quarter 2026 revenue for Lagardère Live totalled €57 million, up 2.4% as reported and up 5.9% like for like.

• Revenue for Lagardère Radio & Lagardère News was stable. In a challenging advertising market, business was lifted by continued audience growth at Europe 1 and the recovery at Europe 2.
• Revenue for Lagardère Live Entertainment was up year on year, supported by the timing of L. Productions tours and successful shows staged at the unit's Paris venues.

 Prisma Media

First-quarter 2026 revenue for Prisma Media amounted to €56 million, down by 18.4% as reported and by 22.5% like for like.

The difference between reported and like‑for‑like figures reflects a €3 million positive scope effect related to the acquisition of France Dimanche and Ici Paris in December 2025.

Prisma Media's business activity continues to be characterised by declining revenue from both its print and digital distribution activities. Print distribution is being affected by the structural erosion of the magazine publishing market. The digital business also declined, mainly owing to the contraction in the online advertising market as a result of changes in digital consumer usage behaviour.

With regard to the restructuring plan announced last December, the consultation process and negotiations with the employee representative bodies are ongoing.

On 31 March 2026, Prisma Media completed the sale to Vivendi of its luxury unit, comprising the title Harper's Bazaar France as well as its stakes in MilK and Côté Maison/Côté Régie. This transaction is aligned with the Group's intention to refocus Prisma Media on its core historical activities and iconic brands, in the context of a rapid transformation of its business model that requires firm strategic prioritisation. The luxury unit generated revenue of €6 million in first-quarter 2026. In parallel with the transaction, Vivendi acquired a 13.58% minority stake in Prisma Group, Prisma Media’s holding company, as part of a cash capital increase.

II. SIGNIFICANT EVENTS OF FIRST-QUARTER 2026

 Lagardère Publishing

Hachette Livre celebrates its bicentenary

From 13 to 15 March 2026, Hachette Livre celebrated its 200th anniversary by staging the first edition of the Grandes Rencontres Hachette - Lire à la folie, at Palais Brongniart in Paris. The event attracted nearly 15,000 visitors, brought together more than 60 authors and offered more than 55,000 books and boardgames for sale, illustrating the Group's ability to unite the book ecosystem around a major event, while affirming its position as France's leading publisher and the world's third-largest publishing group.

 Lagardère Travel Retail

Appointment of Arnaud Lagardère as Non-executive Chairman of Lagardère Travel Retail

On 14 January 2026, Lagardère Travel Retail announced the retirement of its Chairman and Chief Executive Officer, Dag Rasmussen, effective 1 March 2026. Frédéric Chevalier succeeded him on the same date, as part of a transition begun in June 2024, ensuring the continuity of the company's management and long-term strategy, under the supervision of a Board of Directors chaired by Arnaud Lagardère, appointed Non-Executive Chairman.

Lagardère Travel Retail continues to expand in Australia with two new major airport partnerships

In March 2026, through its joint venture Lagardère AWPL, Lagardère Travel Retail was selected by Western Sydney International Airport (opening in the second half of 2026) to operate 11 Duty Free and Travel Essentials stores, and by Sunshine Coast Airport for the complete overhaul of its Travel Essentials and Dining offerings, with the staggered opening of seven points of sale from mid-2026.

 Prisma Media

Sale of the luxury unit and acquisition of a stake in Prisma Group by Vivendi

On 31 March 2026, Prisma Media completed the sale to Vivendi of its luxury unit, comprising the title Harper's Bazaar France as well as stakes in MilK and Côté Maison/Côté Régie. In parallel with the transaction, Vivendi acquired a 13.58% stake in Prisma Group, Prisma Media’s holding company, as part of a cash capital increase.

III. INVESTOR CALENDAR³

• Annual General Meeting: 5 May 2026 at 2.30 p.m. at Casino de Paris.
• Ordinary dividend: the ex-dividend date for the ordinary dividend (proposed at €0.06 per share) with respect to fiscal year 2025 would be 7 May 2026, with a payment date as from 11 May 2026.
• First-half 2026 results: 28 July 2026, after trading.

IV. GLOSSARY

Louis Hachette Group uses alternative performance measures which serve as key measures of the Group's operating and financial performance. These indicators are tracked by management in order to assess performance and manage the business, as well as by investors to monitor the Group's operating performance, along with the financial metrics defined by the IASB. These indicators are calculated based on elements taken from the consolidated financial statements prepared under IFRS and a reconciliation with those accounting items is provided in this press release, in the full-year 2025 results presentation, or in the notes to the consolidated financial statements.

• Like-for-like revenue

Like-for-like revenue is used by the Group to analyse revenue trends excluding the impact of changes in the scope of consolidation and in exchange rates. The like-for-like change in revenue is calculated by comparing:

• revenue for the period and revenue for the prior-year period adjusted for companies consolidated for the first time during the period and consolidated companies divested during the period;
• revenue for the period and revenue for the prior-year period adjusted based on the exchange rates applicable in the period.

The scope of consolidation comprises all fully consolidated entities. Additions to the scope of consolidation correspond to business combinations (acquired investments and businesses), and deconsolidations correspond to entities over which the Group has relinquished control (full or partial disposals of investments and businesses, such that the entities concerned are no longer included in the Group’s financial statements using the full consolidation method).

• EBITA

To calculate EBITA, the accounting impact of the following items is excluded from profit (loss) before finance costs and tax:

• gains and losses on disposals of businesses and expenses related to acquisitions and disposals;
• amortisation of acquisition-related intangible assets;
• impairment losses on goodwill, property, plant and equipment, intangible assets and investments in equity-accounted companies;
• gains and losses resulting from purchase price adjustments and fair value adjustments due to changes in control;
• items related to concession agreements and to finance lease sub-letting arrangements: excluding gains and losses on concessions, excluding depreciation of right-of-use assets under concession agreements, including decreases in lease liabilities under concession agreements, including interest paid on lease liabilities under concession agreements, including changes in working capital relating to lease liabilities under concession agreements.

• Adjusted profit – Group share

Adjusted profit – Group share is calculated on the basis of profit for the period, excluding non-recurring/non￾operating items, net of the related tax and of minority interests, as follows:

Profit for the period
Excluding:

• gains (losses) on disposals of assets;
• impairment losses on goodwill, property, plant and equipment, intangible assets and investments in equity-accounted companies;
• net restructuring costs;
• items related to business combinations:
  • acquisition-related expenses,
  • gains and losses resulting from purchase price adjustments and fair value adjustments due to changes in control,
  • amortisation of acquisition-related intangible assets;
• specific major disputes unrelated to the Group’s operating performance;
• tax effects of the above items;
• non-recurring changes in deferred taxes;
• items related to leases and finance sub-leases:
  • cancellation of fixed rental expense on concession agreements,
  • depreciation of right-of-use assets on concession agreements,
  • interest expense on lease liabilities under concession agreements,
  • gains and losses on leases;
• adjusted profit attributable to minority interests: profit attributable to minority interests adjusted for minorities' share in the above items.

= Adjusted profit – Group share

* Cancellation of fixed rental expense on concession agreements is equal to the repayment of the lease liability, the associated change in working capital and interest paid in the statement of cash flows.

• Free cash flow

Free cash flow is calculated as the sum of cash flow from operating activities, income taxes paid, the decrease in lease liabilities and the related interest paid, plus net cash flow relating to acquisitions and disposals of property, plant and equipment and intangible assets.

• CFFO

Cash flow from operations before income taxes paid is calculated by deducting income taxes paid from free cash flow.

• CFAIT

Cash flow from operations after interest and taxes is calculated by adding interest paid and received to free cash flow.

• Net debt

Net debt is calculated as the sum of the following items:

• cash and cash equivalents and short-term investments;
• assets or liabilities representing financial instruments designated as hedges of debt;
• current and non-current debt excluding liabilities related to minority puts.

Due to rounding, the figures shown may not correspond exactly to the totals.

***

About Louis Hachette Group

Louis Hachette Group, which owns 66.29% of Lagardère SA and 100% of Prisma Media, is a global group with some 34,000 employees in more than 50 countries. It is a leading and diversified player in the fields of publishing, travel retail and media:

• Lagardère Publishing, the world’s third-largest book publishing group for the general public in the trade and educational markets, and the leader in France: Books (paper, digital and audio formats), Partworks, Board Games and Premium Stationery.
• Lagardère Travel Retail, the world's third-largest travel retail merchant and number one in France: Travel Essentials, Duty Free & Fashion, and Dining.
• Prisma Media, the French leader in magazines and digital press, with a portfolio of over 40 leading brands.

The Group also carries out other activities in the media and entertainment space with Lagardère Live, which includes Lagardère News (press and the ELLE brand licence), Lagardère Radio (radio and advertising sales brokerage), Lagardère Live Entertainment (performing arts) and Lagardère Paris Racing (sports club).

In 2025, Louis Hachette Group's activities generated revenue of €9,619 million.

The company is listed on Euronext Growth (Paris) – (ALHG/FR001400TL40).

For more information, visit www.louishachettegroup.com

Important notice:

Some of the statements contained in this document are not historical facts but are rather statements of future expectations, estimates, plans, objectives, future events and other forward-looking statements that are based on management’s beliefs. These statements reflect such views and assumptions prevailing as of the date of the statements. No undue reliance should be placed on such forward-looking statements, which by nature involve known and unknown risks and uncertainties that could cause future results, performance or achievements to differ materially from those expressed or implied in such statements.

Please refer to the Annual Report prepared by Louis Hachette Group and published on its website (www.louishachettegroup.com) for additional information in relation to such factors, risks and uncertainties.

Louis Hachette Group has no intention and is under no obligation to update or review the forward-looking statements referred to above to reflect new information, circumstances, future events or otherwise, except as required by applicable laws and regulations. Consequently, Louis Hachette Group accepts no liability for any consequences arising from the use of any of the above statements. This press release does not constitute a solicitation to buy or sell Louis Hachette Group shares or, more generally, to trade in Louis Hachette Group shares.

***

CONTACTS

Press:
communication@louishachettegroup.com

Investor Relations:
ir@louishachettegroup.com
Emmanuel Rapin
Nathalie Pellet

Notes

1. Like for like.
2. By destination.
3. Dates susceptible to change.