Vivendi : Bon S1, vers une nouvelle structure capitalistique chez UMG et acquisition d’Editis
>Bon S1 et deux changements stratégiques importants - Vivendi a publié hier soir des résultats S1 légèrement supérieurs aux attentes (EBITA de 542 M€ vs 522 M€ pour Oddo BHF et 520 M€ pour le consensus), principalement en raison d’une très bonne performance opérationnelle d’UMG. L’effet de levier ressort un peu au-dessus de ce que nous attendions, ce qui nous condit à relever nos attentes de marge pour cet actif sur l’année (14,4% vs 14% précédemment). Le groupe a par...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.
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.
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