Paris, November 10, 2015
Note: This press release contains non audited consolidated earnings established under IFRS, which were approved by Vivendi’s Management Board on November 5, 2015, reviewed by the Audit Committee on November 5, 2015, and by Vivendi’s Supervisory Board on November 10, 2015.
Results for the first nine months of 2015 in line with forecast
[1] In compliance with IFRS 5, SFR and Maroc Telecom group (sold in 2014), as well as GVT (sold on May 28, 2015), have been reported as discontinued operations. In practice, income and charges from these businesses have been reported as follows:
– their contribution, until their effective divestiture, to each line of Vivendi’s Consolidated Statement of Earnings (before non-controlling interests) has been reported on the line “Earnings from discontinued operations”;
– any capital gain recognized as a result of a completed divestiture is recorded under the line “Earnings from discontinued operations”; and
– their share of net income and the capital gain recognized as a result of a completed divestiture have been excluded from Vivendi’s adjusted net income.
[2] Constant perimeter allows for the restatement of the impacts of the acquisitions of Thema on October 28, 2014 and Dailymotion on June 30, 2015.
[3] A reconciliation of EBIT to EBITA and to income from operations, as well as a reconciliation of earnings attributable to Vivendi SA shareowners to adjusted net income, are presented in Appendix V.
