Lagardere Management

Management criteria checks 1/4

Lagardere's CEO is Arnaud Lagardere, appointed in Jan 2003, has a tenure of 21.25 years. total yearly compensation is €3.61M, comprised of 31.6% salary and 68.4% bonuses, including company stock and options. directly owns 0.36% of the company’s shares, worth €10.22M. The average tenure of the management team and the board of directors is 4.7 years and 2.8 years respectively.

Key information

Arnaud Lagardere

Chief executive officer

€3.6m

Total compensation

CEO salary percentage	31.6%
CEO tenure	21.3yrs
CEO ownership	0.4%
Management average tenure	4.7yrs
Board average tenure	2.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Arnaud Lagardere's remuneration changed compared to Lagardere's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	€139m
Jun 30 2023	n/a	n/a	€216m
Mar 31 2023	n/a	n/a	€171m
Dec 31 2022	€4m	€1m	€126m
Jun 30 2022	n/a	n/a	€10m
Mar 31 2022	n/a	n/a	-€46m
Dec 31 2021	€3m	€1m	-€103m
Sep 30 2021	n/a	n/a	-€243m
Jun 30 2021	n/a	n/a	-€384m
Mar 31 2021	n/a	n/a	-€512m
Dec 31 2020	€2m	€1m	-€640m
Sep 30 2020	n/a	n/a	-€431m
Jun 30 2020	n/a	n/a	-€223m
Mar 31 2020	n/a	n/a	-€15m
Dec 31 2019	€3m	€1m	€192m
Jun 30 2019	n/a	n/a	€67m
Mar 31 2019	n/a	n/a	€120m
Dec 31 2018	€3m	€1m	€172m
Sep 30 2018	n/a	n/a	€218m
Jun 30 2018	n/a	n/a	€255m
Mar 31 2018	n/a	n/a	€216m
Dec 31 2017	€2m	€1m	€176m

Compensation vs Market: Arnaud's total compensation ($USD3.87M) is above average for companies of similar size in the German market ($USD2.56M).

Compensation vs Earnings: Arnaud's compensation has increased by more than 20% in the past year.

CEO

Arnaud Lagardere (62 yo)

21.3yrs

Tenure

€3,610,377

Compensation

Mr. Arnaud Lagardere serves as Chairman of Lagardere SA (Formerly, Lagardere SCA) since June 30, 2021 and also serves as its Chief Executive Officer since 2003. He had been General and Managing Partner at...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Arnaud Lagardere	Chairman & CEO	21.3yrs	€3.61m	0.36% € 10.2m
Pierre Leroy	Deputy CEO & Board Advisor	no data	€3.40m	0.091% € 2.6m
Sophie Stabile	CFO & Member of Management Board	3.5yrs	no data	no data
Sophie Castellan	Group Accounting Director	no data	no data	no data
Emmanuel Rapin	Head of Financing & Investor Relations and Group Treasurer	4.2yrs	no data	no data
Eric Thomas	General Counsel	no data	no data	no data
Ramzi Khiroun	Chief of External Relations Officer	no data	no data	no data
Jimmy Desmarais	Co-Managing Director of Lagardère Studios	4.7yrs	no data	no data
Constance Benque	Chair of Lagardere News	no data	no data	no data
Arjil Commanditée-Arco	Managing Partner	26.1yrs	no data	3.55% € 101.0m
Laure Rivière-Doumenc	Corporate Secretary	no data	no data	no data
Pauline Hauwel	General Secretary	no data	no data	no data

4.7yrs

Average Tenure

62yo

Average Age

Experienced Management: LAG's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Arnaud Lagardere	Chairman & CEO	2.8yrs	€3.61m	0.36% € 10.2m
Pierre Leroy	Deputy CEO & Board Advisor	2.8yrs	€3.40m	0.091% € 2.6m
Véronique Morali	Independent Director	2.8yrs	€192.18k	0.00011% € 3.1k
Valerie Irene Amelie Bernis	Independent Director	2.8yrs	€120.11k	0.00011% € 3.1k
Arnaud de Puyfontaine	Director	2.8yrs	€24.02k	0.00011% € 3.1k
Virginie Banet	Independent Director	2.8yrs	€144.13k	0.00011% € 3.1k
Yannick Bollore	Director	less than a year	no data	no data
Fatima Fikree	Director	2.8yrs	€65.58k	0.00011% € 3.1k
Nicolas Sarkozy	Independent Director	2.8yrs	€115.99k	0.00092% € 26.2k
Laura Carrere	Independent Director	2.8yrs	€72.07k	0.00011% € 3.1k
Marie Flavion	Employee Director	1.5yrs	€3.43k	no data

2.8yrs

Average Tenure

61yo

Average Age

Experienced Board: LAG's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

Lagardere Management

Management criteria checks 1/4

Key information

Recent management updates

Lagardere SA, Annual General Meeting, Apr 18, 2023

High number of new and inexperienced directors

Lagardere SA, Annual General Meeting, Apr 22, 2022

Lagardère SCA, Annual General Meeting, Jun 14, 2021

Michel Defer Joins Supervisory Board of Lagardère SCA

Recent updates

Upcoming dividend of €0.65 per share

Dividend reduced to €0.65

Lagardere Says in Talks to Sell Paris Match Magazine to LVMH

New major risk - Financial position

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: €0.98 (vs €0.90 in FY 2022)

New major risk - Revenue and earnings growth

Now 20% undervalued after recent price drop

Vivendi SE (ENXTPA:VIV) completed the acquisition of 12.46% stake in Lagardere SA (ENXTPA:MMB) for €450 million.

Vivendi SE (ENXTPA:VIV) completed the acquisition of remaining 55% stake in Lagardere SA (ENXTPA:MMB).

First half 2023 earnings released: EPS: €0.32 (vs €0.32 loss in 1H 2022)

Lagardere SA to Report First Half, 2024 Results on Jul 23, 2024

New major risk - Financial position

Upcoming dividend of €1.30 per share at 5.8% yield

Full year 2022 earnings released

Lagardere SA, Annual General Meeting, Apr 18, 2023

Now 21% undervalued

Now 21% undervalued

Lagardere SA to Report Fiscal Year 2022 Results on Feb 16, 2023

Vivendi SE (ENXTPA:VIV) completed the acquisition of Lagardere SA (ENXTPA:MMB).

First half 2022 earnings released

High number of new and inexperienced directors

Upcoming dividend of €0.50 per share

Lagardere SA to Report First Half, 2022 Results on Jul 27, 2022

Full year 2021 earnings: Revenues exceed analyst expectations

Lagardere SA, Annual General Meeting, Apr 22, 2022

Lagardere SA (ENXTPA:MMB) acquired unknown minority stake in Lagardère Capital & Management Co. Ltd. from Financière Agache Société Anonyme.

First half 2021 earnings released: €1.31 loss per share (vs €3.21 loss in 1H 2020)

Full year 2020 earnings released: €4.95 loss per share (vs €1.48 profit in FY 2019)

Full year 2020 earnings released: €4.96 loss per share (vs €1.48 profit in FY 2019)

Revenue beats expectations

Lagardère SCA, Annual General Meeting, Jun 14, 2021

New 90-day high: €21.20

Lagardère SCA to Report Fiscal Year 2020 Results on Feb 25, 2021

Michel Defer Joins Supervisory Board of Lagardère SCA

New 90-day high: €27.32

Groupe Arnault SAS acquired unknown minority stake in Lagardère SCA (ENXTPA:MMB).

Vivendi Plans to Keep Buying Lagardere Shares

Vivendi SA (ENXTPA:VIV) acquired an additional unknown minority stake in Lagardère SCA (ENXTPA:MMB).

Mediawan SA (ENXTPA:MDW) made a binding offer to acquire SAS Lagardère STUDIOS from Lagardère SCA (ENXTPA:MMB) for approximately €120 million.

Lagardere Reportedly Looking to Sell Live Entertainment Assets

The management of Lagardere SCA (ENXTPA:MMB) and others acquired Curtis Circulation Company, LLC from Lagardere SCA (ENXTPA:MMB).

New 90-day high - €18.36

New 90-day high - €16.05

New 90-day high - €14.57

Vivendi SA (ENXTPA:VIV) acquired 10.6% stake in Lagardère SCA (ENXTPA:MMB).

Vivendi SA (ENXTPA:VIV) acquired an additional unknown minority stake in Lagardère SCA (ENXTPA:MMB).

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age