Report
Jerôme Bodin

Vivendi : Révision en baisse de nos attentes sous l’effet d’un scénario un peu plus prudent pour Canal+ et Havas

>Mise à jour de nos estimations - Nous faisons un point sur nos attentes pour Vivendi dans le cadre de la sortie d’une étude sur Bolloré ce jour. Nos attentes d’EBITA 2020/21e sont révisées en baisse de 5% en moyenne principalement sous l’effet d’un scénario plus prudent pour Groupe Canal+, Havas et les autres activités (dont Vivendi Village). Notre valorisation et objectifs de cours sont toutefois inchangés en raison de la hausse des cours de Bourse de Spotify et Te...
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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