Vivendi: First half year results as expected, enabling the group to confirm 2012 forecasts

Published on

Paris, August 30, 2012

Note: This press release contains unaudited consolidated earnings established under IFRS, which were approved by Vivendi’s Management Board on August 27, 2012.


Vivendi: First half year results as expected, enabling the group to confirm 2012 forecasts

 

  • Revenues: €14.1 billion, down 1.2% compared to first half 2011.
  • EBITA : €2.9 billion, down 12.7% compared to first half 2011 due to SFR’s lower contribution and the unfavorable impact under IFRS standards of the Activision Blizzard games release schedule. Good performances of GVT (+19.3%) and Universal Music Group (+18.2%).
  • Adjusted Net Income : €1.5 billion, down 16.6% compared to first half 2011, mainly due to a decrease in EBITA and increased taxes.
  • 2012 Adjusted Net Income forecast maintained excluding telecoms restructuring charges: Adjusted Net Income should be above €2.5 billion before the impact of transactions announced during second half 2011 (EMI, Direct 8, Direct Star et ITI-TVN) and telecoms restructuring charges.
  • Year-end net debt outlook confirmed at below €14 billion.


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