Vivendi : Results broadly in line, distribution / listing of Editis on the cards
>Outperform rating reiterated - Vivendi released its H1 2022 results yesterday evening. They came out broadly in line with expectations, with EBITA reaching € 412m while we were looking for € 428m and the consensus for € 421m. Canal+ Group and Havas performed in line but Gameloft and Editis fell short of expectations. Management says that the distribution / listing of Editis is on the cards, the aim being to make it easier for the European Commission to approve the pl...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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