Vivendi: confirms FY 2017 targets.
(CercleFinance.com) - Vivendi has reported H1 2017 revenues of 5,437 million euros (+7.
8% and +4.8% like-for-like).
Management said that this growth was mainly thanks to growth at Universal Music Group (+14.0%), while the situation at Canal+ group is improving slightly.
Adjusted operating EBITA reached 352 million euros, down 9.2% (-11.0% like-for-like).
The trend was reversed in the second quarter of 2017, with adjusted operating income of 203 million euros, up 16.0% (+17.1% like-for-like).
EBIT reached 362 million euros, down 31.5% in H1 2017.
Net income, group share in Q2 2017 rose by 50.0% to 75 million euros.
Vivendi confirmed its previously announced 2017 annual outlook, including sales growth of over 5% (excluding Havas), thanks to steps taken in 2016, with adjusted EBITA that is up by about 25% (excluding Havas).
Copyright (c) 2017 CercleFinance.com. All rights reserved.
8% and +4.8% like-for-like).
Management said that this growth was mainly thanks to growth at Universal Music Group (+14.0%), while the situation at Canal+ group is improving slightly.
Adjusted operating EBITA reached 352 million euros, down 9.2% (-11.0% like-for-like).
The trend was reversed in the second quarter of 2017, with adjusted operating income of 203 million euros, up 16.0% (+17.1% like-for-like).
EBIT reached 362 million euros, down 31.5% in H1 2017.
Net income, group share in Q2 2017 rose by 50.0% to 75 million euros.
Vivendi confirmed its previously announced 2017 annual outlook, including sales growth of over 5% (excluding Havas), thanks to steps taken in 2016, with adjusted EBITA that is up by about 25% (excluding Havas).
Copyright (c) 2017 CercleFinance.com. All rights reserved.