Vivendi : Q1 sales higher than expected thanks to Havas and Canal+ in France
>No conference call but AGM at 10.00am - Vivendi this morning reported Q1 sales that beat forecasts with organic growth of 7.9% vs 4% for the consensus. The main difference stems from Havas, which posted organic growth of 11.3% and also from Canal+’s domestic business, which showed growth, confirming the recovery begun in 2021. The group is not holding a conference call but is organising its AGM today at 10.00am, which might be an opportunity to obtain information reg...Vivendi is an audiovisual group active in the entertainment industry with activities in music, TV, cinema, mobile, fixed and internet, and games. Co.'s operations are divided into five businesses: Canal+ Group which produces and distributes pay-TV in France, analog or digital, and is involved in film making; Universal Music Group which sells recorded music (physical and digital media); GVT which serves as a telecommunication operator for fixed ultra high-speed broadband, fixed-line telecommunications and Pay-TV in Brazil; SFR which is engaged in mobile phone services in France, as well as fixed and ADSL services; and Other Activities which involves ticketing, Wengo and Watchever.
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