Report
Jerôme Bodin

Vivendi : What to expect from H1 2023?

>Outperform rating maintained - This note provides an update on our expectations for Vivendi’s H1 results due on 27 July. We see slight revenue growth for the group in Q2 (+2%). EBITA is set to increase by 21% thanks to a significantly larger contribution from Lagardère. All told, this release should provide more reassurance with earnings growth from most of the entities. We do not anticipate any strategic shifts with these results. But it will be interesting to see ...
Underlying
Vivendi SE

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jerôme Bodin

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