ASSETS EQUITY & LIABILITIES

Equity 1522
Financial assets 234 Minority interests 150
Operating asset 9982 Financial Debt 2397
Cash 913 Non financial debt 7060
TOTAL 11129 TOTAL 11129

The Lagardère Active

(Le Journal du Dima
magazine titles, the Ell
Europe 1, Virgin Radio
were classified within
 The Lagardère Active
(Le Journal du Dima
magazine titles, the Ell
Europe 1, Virgin Radio
were classified within
disposal of Audiovisu
pending completion and
therefore continue to b
sale in the b

ASSETS EQUITY & LIABILITIES

Equity 1522
Financial assets 234 Minority interests 150
EV 2922 Net Financial Debt 1484
TOTAL 3156 TOTAL 3156

Part 3
The Lagardère Active assets that were not sold
(Le Journal du Dimanche and Paris Match
magazine titles, the Elle brand licence, and the
Europe 1, Virgin Radio and RFM radio stations,
were classified within “Other Activities”. The
The Lagardère Active assets that were not sold
(Le Journal du Dimanche and Paris Match
magazine titles, the Elle brand licence, and the
Europe 1, Virgin Radio and RFM radio stations,
were classified within “Other Activities”. The
disposal of Audiovisual Production assets is
ending completion and the assets and liabilities
therefore continue to be classified as held for
sale in the balance sheet.
 Ownership Mcap Book value Revaluation
Main joint ventures
Lagardère & Conn 50% not listed 3 3
Other 3 3
Main associates
S.D.A. 45% not listed 12 12
Relay@ADP 50% not listed 6 6
èditions J'ai Lu 35% not listed 17 17
Inmedio SP ZOO 49% not listed 14 14
Yen Press 49% LLC - not listed 11 11
Saddlebrook Intern 30% LLC - not listed 5 5
Other 2 2
Total 73 73

ASSETS EQUITY & LIABILITIES

Equity 1522
Financial assets in
investment 234 Minority interests 150
equity affiliates
other financial 73
assets 161
EV 2922 Net Financial Debt 1484
TOTAL 3156 TOTAL 3156
 In case with Financial Assets we keep book values for our revaluation as it's impossible to give a
market value on the reason of sufficent information about the companies Lagardère owns/invests
in.
 Ownership Mcap Revaluation
FCPI Idinvest Dig 7% not-listed comp 11

Other non-curreBook value Revaluation

 FCPI Idinvest Dig 11 11
Other 32 32
it's impossible to give a Loans and recei 111 111
s Lagardère owns/invests Total 154 154
Other current assets
Derivative finan 1 1
Loans 6 6
Total 7 7
Other financial 161 161
 (Million euros) Revenues(2019) EBIT EBIT Restated Weight in Revenue
Publishing 2384 201 236 35.86%
Travel Retail 4264 113 175 64.14%
Other Activity 288 115
Non-retained Scope 509 -18
Total 6648 411 411

Publishing
Company EBIT Mcap NFD Mino
Scholastic 22.6 775.731 -326.8 1.3
McGraw-Hill Education 49.342 523.152 1810.357 27
Pearson Education 232 4525 1703 10
Bloomsbury publishing Plc 12.049 210.55 27.58

Bertelsmann

Pearson
Schoulastic

Mcgraw-hill

Bloombury
Mcgraw-hill
Financial Asset EV EV/EBIT
450.231 19.92
6.206 2360.509 47.84
183 6055 26.10
0.3 237.83 19.74 21.92
All numbers in million
Company EBIT Mcap NFD Mino
Dufry 459.4 4010 3101.9 462.7
Autogrill 377.531 1190 77.62 77.62
Tallink 74.83 428.724 0 0
Financial Asset EV EV/EBIT
8.5 7566.1 16.47
2.944 1345.24 3.56
0.3 428.424 5.73