Vivendi, revenues rise within the quarter | EUROtoday

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Vivendi information robust income progress within the first quarter of 2024. The turnover of the French group, Telecom Italia's largest shareholder, reached 4.275 billion euros, with a rise of 5.4% in comparison with the identical interval of 2023. For Yannick Bolloré, Chairman of the Supervisory Board of Vivendi, and Arnaud de Puyfontaine, Chairman of the Management Board of Vivendi, «in the present day we publish a very robust improve in revenues for the primary quarter. This displays the power of our three core companies and the Group's means to rework and develop. The natural progress of 5.4% in comparison with the primary quarter of 2023 was pushed particularly by the numerous contribution of Lagardère, confirming the relevance of the transaction with this group which happened final November and our confidence within the potential of its actions. Canal+ Group and Havas additionally recorded strong performances, with income will increase of 4.3% and 6.2% respectively in comparison with the identical interval.”

According to the Vivendi leaders «the Canal+ Group has intensified the deployment of its international presence by increasing its shareholdings in Viu and Viaplay and launching a public takeover offer with the aim of potentially acquiring all the issued shares that it does not already own of MultiChoice Group, the African leader in pay-TV in English and Portuguese speaking countries.”

The spin-off plan

In reporting its quarterly outcomes, Vivendi confirmed that the feasibility examine of the plan to separate its actions into 4 separate corporations is progressing. The choice at the moment into account is a partial break up of Vivendi, through which Canal+, Havas and an organization combining its publishing and distribution companies would change into independently listed entities, whereas Vivendi would stay listed as a funding.