Report
Jerôme Bodin

Vivendi : Résultats 2020 légèrement supérieurs aux attentes, pas de changement de nos attentes 2021

>Opinion Neutre réitérée et objectif de cours relevé à 29,5 € - Vivendi a publié hier soir ses résultats 2020 ressortis légèrement supérieurs aux attentes (EBITA de 1 627 M€ alors que nous attendions 1 552 M€ et le consensus sur 1 600 M€). La différence avec nos attentes provient d’UMG et d’une solide croissance T4 avec un effet immédiat sur la marge. Il a tenu sa réunion d’analystes dans la foulée. Le groupe n’a pas apporté de guidance sur 2021 et nos attentes sont à...
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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