Report
Jerôme Bodin

Vivendi : Preview T3 et focus sur l’utilisation du cash : poursuite des rachats d’actions et des investissements dans des structures cotées

>Un T3 qui s’annonce correct et en rebond par rapport au T2 - Nous faisons un point sur nos attentes pour le T3. Nous tablons sur une légère croissance de l’activité sur le trimestre (+1% environ) portée par une amélioration d’UMG et Groupe Canal+ et un bon trimestre chez Editis. Havas devrait afficher une baisse toujours importante (-11% en organique) mais en amélioration après un T2 très difficile. Certaines activités devraient rester très difficiles comme Vivendi V...
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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