Vivendi Net Profit Jumps Tenfold in 4Q
February 15 2018 - 11:44AM
Dow Jones News
By Marc Navarro Gonzalez
Vivendi SA (VIV.FR) said Thursday that its fourth-quarter net
profit increased more than tenfold.
Net profit for the three months was 828 million euros ($1.03
billion) compared with EUR81 million in the same period last year,
the French media group said. Revenue rose 23% to EUR3.82
billion.
Vivendi said earnings before interest and taxes--a measure of
profitability closely watched by analysts--was EUR364 million
compared with EUR63 million the year-earlier period.
Revenue was driven by Universal Music Group's growth, which was
helped by the rise of music-streaming services, and the recovery of
Canal+ Group, the company said.
Vivendi said its stake in advertising company Havas represented
a contribution to fourth-quarter revenue of EUR626 million.
The Supervisory Board approved an ordinary dividend of EUR0.45
per share with respect to 2017, up 12.5% from the previous
year.
Write to Marc Navarro Gonzalez at marc.navarro@dowjones.com
(END) Dow Jones Newswires
February 15, 2018 12:29 ET (17:29 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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